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Costco Wholesale Corporation Reports on July Sales

 08/06/2023

In an August 2nd release, Costco Wholesale Corporation (COST) reported net sales of $17.6 billion for July, up 4.5 percent from $16.85 billion in July 2022.

 

Comparable sales excluding gasoline and foreign exchange were:-

 U.S.  +4.5 percent,

Canada +6.7 percent,

Other International 5.7 percent

System Wide +5.0 percent over the corresponding four weeks in July 2022

E-commerce increased by 4.0 percent.

 

Costco Wholesale Corporation operates 851 warehouses with 585 in the U. S.; Canada 107; Mexico, 49 and the remainder in 11 other nations.

 

On Tuesday, August 1st, COST closed at $555.44.  The Company has a market capitalization of $246,160 million.  The 52-week share price has ranged from $447.90 to $571.16, with a 50-day moving average of $533.41.  On a 12-month trailing basis, operating margin was 3.5 percent and profit margin 2.6 percent. Costco has returned 7.9 percent on assets and 27.3 percent on equity over the past 12 months.