Overview
- Costco said on Wednesday that May net sales reached $24.01 billion, a 14.5% year-over-year increase driven by higher foot traffic and basket sizes.
- Total-company comparable sales rose 12.5% in the four weeks ended May 31, with U.S. locations the largest contributor to the gain.
- Digitally-enabled sales grew about 21.1% in May, signaling accelerating member use of Costco.com alongside warehouse purchases.
- The company reported record gasoline volumes in recent quarters that boosted top-line figures but can compress gross margins and complicate comparisons.
- Costco now operates 931 warehouses worldwide and posted 39-week net sales up 10.0%, while analysts keep a Moderate Buy consensus and note valuation and margin risks to watch.