Costco Wholesale CorpCOST
▲ PositiveDemandrelevance
August sales up 9.9% with digital sales surging 17.9%, indicating strong consumer demand.
Impact on stocks 2
Consumer Staples
Costco Wholesale CorpFinancials
Bank of America CorpBAC
Mentioned
Costco Wholesale reported $23.70 billion in August sales, up 9.9% despite calendar timing cutting nearly 75 basis points from growth, while shares slipped about 1% to $915.93. Comparable sales rose 8.4%, or 5.4% excluding gasoline and currency effects, and digitally enabled sales surged 17.9%, more than triple the adjusted companywide pace. Fiscal-year net sales climbed 10.2% to $297.3 billion. The stock trades 11.79% below its GF Value estimate of about $1,040, though it remains priced at roughly 46 times earnings, and faster online growth could pressure warehouse economics.
Costco Wholesale CorpAugust sales up 9.9% with digital sales surging 17.9%, indicating strong consumer demand.
Bank of America Corp