Jun 4, 09:06 PM

Costco May Sales Rise 6.8% to $20.97 Billion; U.S. Comps Up 4.1%, Loop Capital Raises Price Target to $1,170

Costco Wholesale Corporation reported net sales of $20.97 billion for May 2025, marking a 6.8% increase year-over-year. Sales for the first 39 weeks of the year reached $201.02 billion, up 8% compared to the previous year. U.S. comparable sales rose by 4.1%, while Canadian comparable sales increased by 3.3%. Excluding gas and foreign exchange effects, comparable sales grew 6% overall, with 5.5% growth in the U.S. and 8.4% internationally. E-commerce sales in the U.S. were up 11.6%. Despite these gains, Costco’s sales growth has slowed for the fifth consecutive month, with core comparable sales rising 6% in May, slightly below the 6.2% consensus expectation according to Wells Fargo. Loop Capital maintained a Buy rating on Costco, raising its price target to $1,170 from $1,110, citing international comparable sales outperformance, fading foreign exchange headwinds, and market share gains, although near-term margin pressure remains a concern.

#Costco Wholesale Corporation #Canadian #Costco #Wells Fargo #Loop Capital #Buy

Written with ChatGPT (GPT-4).

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Costco May Sales Rise 6.8% to $20.97 Billion; U.S. Comps Up 4.1%, Loop Capital Raises Price Target to $1,170

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