Costco revenue climbs 7% in April

Costco's (COST) net sales grew 7% on year to $8.56B in April.

Comparable sales +5%, topping consensus of +3.2%. U.S. +5%, international +2%.

Excluding the effects of gasoline prices and currency swings, comparable sales increased 5%; U.S. +5%, international +7%. (PR)

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Comments (3)
  • dgotshalk
    , contributor
    Comments (62) | Send Message
    Just walked out of one. Its the happiest experience you can possibly see in retailing.
    Customers help themselves to mdse, graze away like children in a candy store, grab a group of empty boxes to carry the mdse they buy, plus a few extras for at home, pay to get in, meet happy well paid workers, if needed, return whatever they please, purchase clothing without a try on, push their own cart out the door, eat or snack a meal at a ridiculous low price, bring home a pizza at a great price, drink a never ending soda and arrive home happy as a bee. Who ever thought of this? A great fun filled consumer experience. Plus an unsupervised playground for the kids, with snacks to graze. Unbelievable! Now that is a formula for a great business.
    8 May 2014, 06:18 AM Reply Like
  • theshoneinc
    , contributor
    Comments (23) | Send Message
    ..and do not forget the concept of low margin where the profit is the admission not the price of goods.
    8 May 2014, 08:19 AM Reply Like
  • sonetirot
    , contributor
    Comments (72) | Send Message
    Sooner or later Costco will eat up sears appliances. I used to buy all appliances from Sears. Now I could buy on line directly from Costco.


    Sample Large expensive Refrigerators: Free delivery, Free installation of ice maker connection, Free haul away, Free 2 years warranty compare to 1 years at Sears and directly from manufacture. No salesman or phone to call pressure to buy warranty. That is much better than Sears in all categories. Sears appliances become show room for Costco. Go Costco.
    8 May 2014, 07:42 AM Reply Like
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