Costco(COST)2025-06-04 21:02Company and Industry Summary Company Overview - The company reported net sales of 19.64 billion in the same period last year [3] Sales Performance - Comparable sales results for the month were as follows: - U.S.: 4.1% - Canada: 3.3% - Other International: 6.6% - Total Company: 4.3% - E-commerce: 11.6% [3] - When excluding impacts from changes in gasoline prices and foreign exchange, comparable sales were: - U.S.: 5.5% - Canada: 6.3% - Other International: 8.4% - Total Company: 6% - E-commerce: 12% [4] Traffic and Transaction Insights - Comparable traffic or frequency increased by 3.4% worldwide and 2.8% in the U.S. [4] - The average worldwide selling price per gallon of gas decreased by approximately 10.4% year-over-year [5] - Average transaction value increased by 0.9%, and when excluding gas deflation and foreign exchange, it was up 2.5% [5] Regional Performance - Strongest comparable sales in the U.S. were observed in the Northwest, Midwest, and Los Angeles regions [6] - Internationally, the best results were in Mexico, Taiwan, and Korea [6] Merchandising Highlights - Foods and sundries showed positive mid to high single-digit growth, with strong performance in: - Cooler - Candy - Frozen Foods - Fresh foods increased by high single digits, particularly in: - Meat - Bakery - Non-foods also performed well with mid single-digit growth, especially in: - Jewelry - Majors - Gift Cards - Ancillary business sales declined by low to mid single digits, while pharmacy, optical, and hearing aid departments were top performers [7][8] Challenges and Risks - The negative impact of foreign currencies on total and comparable sales was approximately: - Canada: -1.6% - Other International: -1.0% - Total Company: -0.4% [5] - Gas price deflation negatively impacted total reported comparable sales by approximately -1.3% [5] - The negative impact of cannibalization was approximately -70 basis points for the company in May [6] Future Outlook - The upcoming June reporting period will include five weeks, starting from June 2 and ending July 6, compared to the previous year's five weeks from June 3 to July 7 [8]