On July 10th Costco Wholesale Corporation (COST) reported sales for June 2024 covering the four weeks ending July 7th. For the period, sales attained $24,480 million, up 7.4 percent from the value of $22,780 million during the corresponding month in 2023.
Same store sales (excluding fuel and foreign exchange) increased 6.3 percent for the U.S.; 8.4 percent for Canada and 8.7 percent for international warehouses. Overall, same-stores sales advanced by 6.9 percent and E-commerce was 19.1 percent higher.
Costco announced increases in annual membership fees effective September 1st. Gold Star Individual and Business memberships will increase by $5 to $65 and Executive memberships by $10 to $130. The increase will be applied to 52 million members of whom slightly more than half belong to the higher category. Costco has held the cost of membership for seven years.
Costco closed on June 11th after release of the data at $849.72. COST market capitalization was $392,050 million on July 11th and the share has traded over a 52-week range of $530.56 to $896.67 with a 50-day moving average of $818.18.
C
ostco Wholesale Corporation operates 882 warehouses with 609 in the U.S.; 108 in Canada; 33 in Mexico and the remainder in nine other nations.