Costco Wholesale Corporation
) delivered comparable-store sales (comps) growth of 5% in May,
following an increase of 4% in April, and reflecting comparable
sales growth of 5% at its U.S. locations and 6% at international
Costco's comparable-store sales for the 39-week period ended
Jun 2, 2013 rose 6% buoyed by an equivalent increase at both the
U.S. and international
Excluding the effect of gasoline prices and foreign currency
fluctuations, Costco's comparable-store sales for May rose 6%,
reflecting comparable sales growth of 5% at its U.S. locations
and 7% at international outlets. For the 39-week period, the
company witnessed comparable-store sales growth of 6%, with U.S.
and international sales rising by a similar rate.
Total net sales for May grew 7% to $8.13 billion from $7.57
billion in the year-ago period. Costco's sales for the 39-week
period increased 8% to $77.13 billion from $71.28 billion in the
We believe that Costco's differentiated product range enables
it to provide an upscale shopping experience to its members,
resulting in market share gains and higher sales per square foot.
Moreover, it continues to maintain a healthy membership renewal
This Zacks Rank #3 (Hold) stock remains committed to opening
new clubs in domestic and international markets. The company's
diversification strategy is a natural hedge against risks that
may arise in specific markets.
Besides Costco, other retail chains also posted healthy sales
data for the month of May as improving job market, lower gas
prices and rebound in the housing market boosted consumer
The Gap, Inc
), registered a 7% rise in comps, substantially up from the 2%
increase witnessed in May 2012. Net sales jumped 11% to $1.22
billion. Leading specialty retailer of women's intimate garments,
L Brands, Inc
), marked a 3% rise in comps, whereas net sales jumped
approximately 10% to $737 million in May.
The retailer of casual apparels, footwear and accessories for
men and women,
) registered a 4.1% rise in comps. Net sales for May increased
4.2% to $72.8 million.
BUCKLE INC (BKE): Free Stock Analysis Report
COSTCO WHOLE CP (COST): Free Stock Analysis
GAP INC (GPS): Free Stock Analysis Report
L BRANDS INC (LTD): Free Stock Analysis
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