When shoppers are looking for ways to stretch their budgets, Costco (COST) is proving that value still drives spending. The warehouse retailer reported July net sales of $23.12 billion, up 10.7% from a year earlier, for the four weeks that ended Aug. 2.
Its growth went beyond new warehouse openings and changing fuel prices. Comparable sales rose 8.9% across the company, while U.S. comparable sales climbed 10.3%, showing that shoppers kept returning to Costco's stores.
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For COST investors, the report adds to the case that Costco's membership model, low prices, and expanding digital business are continuing to attract customers. But after another strong sales print, can Costco maintain enough underlying growth through the second half to surpass the high expectations already attached to COST? Let's dive in.
#shoppers #Growth #july #dear
Its growth went beyond new warehouse openings and changing fuel prices. Comparable sales rose 8.9% across the company, while U.S. comparable sales climbed 10.3%, showing that shoppers kept returning to Costco's stores.
Dear Walmart Stock Fans, Mark Your Calendars for August 20
Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market **** ysis you won't find anywhere else.
For COST investors, the report adds to the case that Costco's membership model, low prices, and expanding digital business are continuing to attract customers. But after another strong sales print, can Costco maintain enough underlying growth through the second half to surpass the high expectations already attached to COST? Let's dive in.
#shoppers #Growth #july #dear
3 months ago
