Costco (COST) May Comps Rise 11.7%, Versus Consensus of 7.8%
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% | ||||
| Canada | 13.0% | 10.7% | ||||
| Other International | 9.4% | 12.6% | ||||
| Total Company | 11.7% | 9.7% | ||||
| E-commerce | 34.4% | 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% | ||||
| Canada | 5.4% | 4.1% | ||||
| Other International | 7.4% | 7.5% | ||||
| Total Company | 8.0% | 6.7% | ||||
| E-commerce | 33.3% | 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.