Costco August sales: —Sales: +7.1% YoY to $19.8B —Comp Sales: +5.0% YoY [Ex-Gas & FX: +7.1% YoY] $COST https://t.co/w3AOSUwAyU
$COST sales on fire and most of it coming from traffic as well. https://t.co/desdFzA5fO
Costco prints a 7% US comp, with double digit growth in discretionary goods. Strong in good times & in tougher but on balance mega retailers like $COST & $WMT making mincemeat of this ‘running out of money’ tripe from $ stores. $DG $TGT $DLTR $XLY $XLF





Costco Wholesale Corporation reported robust sales growth for August 2024, with net sales reaching $19.83 billion, a 7.1% increase from $18.51 billion in August 2023. E-commerce sales saw a significant rise of 22.9% year-over-year. For the 16-week Q4, Costco's net sales were $78.2 billion, up 1.0% from the 17-week Q4 in 2023. The fiscal year 2024 net sales totaled $249.6 billion, marking a 5.0% increase from $237.7 billion in the previous fiscal year. U.S. comparable sales for August, excluding gas and foreign exchange, increased by 6.7%. Total same-store sales (SSS) rose by 7.1%, and U.S. traffic was up 6.0%.