Costco (COST) May Comps Rise 11.7%, Versus Consensus of 7.8%

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June 7, 2018 6:50 AM EDT

Late Wednesday, Costco Wholesale Corporation (Nasdaq: COST) reported net sales of $11.02 billion for the retail month of May, the four weeks ended June 3, 2018, an increase of 14.1 percent from $9.66 billion last year. For the first thirty-nine weeks of fiscal 2018 the Company reported net sales of $103.26 billion, an increase of 12.1 percent from $92.11 billion last year.

Comparable sales were as follows:

4 Weeks 39 Weeks
Retail Month Fiscal Year
U.S.11.7% 9.0%
Canada13.0% 10.7%
Other International9.4% 12.6%
Total Company11.7% 9.7%
E-commerce34.4% 35.9%

Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were as follows:

4 Weeks 39 Weeks
Retail Month Fiscal Year
U.S.8.7% 7.2%
Canada5.4% 4.1%
Other International7.4% 7.5%
Total Company8.0% 6.7%
E-commerce33.3% 34.6%
The consensus was 7.8%

Additional discussion of these results is available in a pre-recorded telephone message. It can be accessed by dialing 1-855-859-2056 (conference ID 73993374). This message will be available through 5:00 p.m. (PT) on Wednesday, June 13, 2018.


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