Costco September Sales Jump 13% to $30B, Comps Up 11.4%
COST is trading near its 52-week low of $844.06 (11% above the low).
Summary
Costco reported September net sales of $30.02 billion, up 13.0% from $26.58 billion a year ago. Total company comparable sales rose 11.4%, or 7.6% excluding gasoline and foreign exchange impacts. Digitally-enabled sales grew 19.0%. The later Labor Day this year added just over 50 basis points to total and comparable sales. This is the first monthly sales report for September and shows acceleration from August's 9.9% net sales growth. The strong comps, especially the 12.5% U.S. figure, suggest resilient consumer demand heading into the holiday season.
At the time of this announcement, COST was trading at $940.74 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $417.7B. The 52-week trading range was $844.06 to $1,096.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.