Costco Wholesale (COST) Monthly Sales Update May 2024 summary

Financial performance highlights

• Net sales for May reached $19.64 billion, up 8.1% from $18.16 billion last year.

• Net sales for the first 39 weeks totaled $186.07 billion, a 6.9% increase year-over-year.

• Total company comparable sales rose 6.4% for May and 5.4% for the first 39 weeks.

• E-commerce comparable sales surged 15.3% in May and 14.8% for the 39 weeks.

• Comp traffic increased 6.0% worldwide and 5.1% in the US.

Comparable sales excluding fuel and FX

• Total company comparable sales excluding fuel and FX grew 8.1% in May and 6.5% for 39 weeks.

• U.S. comparable sales excluding fuel and FX rose 5.7% in May and 4.6% for 39 weeks.

• E-commerce comparable sales excluding fuel and FX increased 15.4% in May and 14.7% for 39 weeks.

• Average worldwide transaction value rose 0.4%, including gas and FX impacts.

Regional and category performance

• Strongest US regions: Texas, Southeast, and Midwest.

• Best international results in Mexico, Australia, and the UK (local currencies).

• Food and sundries grew mid-single digits; cooler, food, and candy led.

• Fresh foods up high single digits, with produce and meat outperforming.

• Non-foods and ancillary businesses posted mid- to high single-digit gains; pharmacy, food court, and optical excelled.