Costco is experiencing significant growth, with its stock hitting new record highs. Analysts have become more bullish on the company due to its efforts in helping consumers combat inflation and improvements in e-commerce. Costco reported May net sales of $19.64 billion, an 8.1% increase year-over-year. Additionally, the company's 39-week net sales reached $186.07 billion, up 6.9% year-over-year. The total company comparable sales increased by 6.4% over four weeks and 5.4% over 39 weeks. In the U.S., comparable sales rose by 5.8% over four weeks and 4.3% over 39 weeks, while in Canada, they increased by 6.7% over four weeks and 7.6% over 39 weeks.
$COST | Costco May Sales Highlights: โ May Sales: $19.64B, UP 8.1% YoY โ 39-week Net Sales: $186.07B, UP 6.9% YoY โ Total Company Comp Sales: +6.4% (4Wks), +5.4% (39Wks) โ U.S. Comp Sales: +5.8% (4Wks), +4.3% (39Wks) โ Canada Comp Sales: +6.7% (4Wks), +7.6% (39Wks) โ Otherโฆ https://t.co/SdFJNG2EyQ
Markets expert @MichaelSantoli breaks down some noteworthy intra-market relationships, including two companies hitting record highs today. $NVDA $COST https://t.co/qIFVFsM4D8
Costco $COST just reported May net sales of $19.64 Billion up 8.1% YoY https://t.co/MP9tSw809q
๐บ๐ธ Analysts get more bullish on Costco as it helps consumers fight inflation, shows e-commerce improvement https://t.co/bDc2OYvI6c
$COST going for new highs