Costco's Sales Rise in April - Analyst Blog
14 5월 2013 - 3:35AM
Zacks
Amid a tough economic scenario, Costco Wholesale
Corporation (COST) delivered comparable-store sales growth
of 4% in April, following an equal increase in March, and
reflecting comparable sales growth of 4% at its U.S. locations and
3% at international outlets.
Costco’s comparable-store sales for the 35-week period ended May
5, 2013 rose 6% buoyed by an equivalent increase at both the U.S.
and international locations.
Excluding the effect of gasoline prices and foreign currency
fluctuations, Costco’s comparable-store sales for April rose 6%
with U.S. and international comparable-sales rising equally. For
the 35-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 April grew 7% to $7.98 billion from $7.48
billion in the year-ago period. Costco’s sales for the 35-week
period increased 9% to $69 billion from $63.59 billion in the
year-ago period.
Costco was able to post healthy sales results amid challenging
macroeconomic factors including higher taxes and unfavorable
weather conditions that restrained consumers from spending.
Besides Costco, few other retail chains were able to navigate
through this challenging economy. Clothing retailers like
The TJX Companies, Inc. (TJX), Ross Stores
Inc. (ROST) and Buckle Inc. (BKE)
witnessed comps increase of 8%, 7% and 6.2%, respectively.
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 rate.
Costco 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.
Costco is slated to report it’s third-quarter fiscal 2013
results on May 30, 2013 and currently carries a favorable Zacks
Rank #2 (Buy).
BUCKLE INC (BKE): Free Stock Analysis Report
COSTCO WHOLE CP (COST): Free Stock Analysis Report
ROSS STORES (ROST): Free Stock Analysis Report
TJX COS INC NEW (TJX): Free Stock Analysis Report
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