Costco Wholesale June comparable sales up 18%

Mario Tama/Getty Images News

• Costco Wholesale Corporation (NASDAQ:COST) reported net sales of $22.78B for the retail month of June, +20.4% Y/Y.
• Comparable sales up 18.1% with e-commerce sales +7%.
• On YTD basis, net sales grew 16.9% Y/Y to $188.34B and comp sales grew 15%.
• Excluding the impacts from changes in gasoline prices and foreign exchange, comparable sales for the month increased 13%.
• Stock rated Buy by Wall Street Analysts and Hold by SA quant rating system.
• Shares down ~13% on YTD basis.

Comments

[Alexander Ebbinghouse]

Just broke above $500 again. Great results!

[Blake31]

Compare to comp sales of WMT and TGT, both in the 3.5% range.

[Mike Nadel]

Monster of a company. Best business model in all of retail, and one of the best in any sector or industry anywhere.

[Valuestocks007]

Inflation of 9%... thats still a 9% growth rate.. Long COST! I need to add to my position!

[FilterB]

@Valuestocks007 it's actually way better than 9% because the big price raises are in energy. So once people buy gas and other esential stuff, rhey have less money to spend.

[Valuestocks007]

@FilterB i would say we have price increases in alot of areas but energy is certainly the top sector.

[vooch]

Back of the envelope figuring reckons volume flat revenues up as a result of inflation. Thoughts ?

[L. Mannheim]

@vooch They are delaying an increase in the membership fee, but it will happen eventually.

[Blake31]

@vooch False.

[User 28897925]

@vooch Your negative bent needs therapy.

[trentbridge]

Just rolling along with double digit sales growth. Deserves its high valuation.