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On 8/3/22, Costco Wholesale reported sales results for July 2022. The reported results of $16.85 Billion was an increase of 10.8% compared to the $15.21 Billion during July of 2021. Like previous months, we will see July remain a solid sales month for Costco both domestically, and abroad once all things have been considered. July comps look strong year over year compared with the July 2021 numbers.July comps for e-commerce were up by 10.2%. To recap, Costco’s e-commerce segment performance includes the US, Canada, United Kingdom, Mexico, Korea, Taiwan, Japan, and Australia.July Sales Numbers:Comparable sales in the United States were up 11.4%. Canada was up 11.7%, while other international sales were up by 0.7%. Overall, total company comparable sales increased by 10.0%. Overall, these figures suggest healthy customer traffic and spending.Comparable Sales (Jul ‘22)U.S. 11.4%Canada 11.7%Other International 0.7%Total Company 10.0%E-Commerce 10.2%The same as previous reports, we will look at comparable sales excluding gasoline price deflation and foreign exchange impacts. This view of the sales gives us a clearer view of comparable sales growth (or decline) if all other factors remained the same.Comparable Sales (ex-Gasoline Price & Foreign Exchange - Jul ‘22)U.S. 5.8%Canada 11.5%Other International 9.4%Total Company 7.0%E-Commerce 11.5%Approximately 69% of Costco’s 834 warehouses are located within the United States. This leaves roughly a third of Costco’s warehouses exposed to potential positive or negative impacts from fluctuations in the US Dollar as well as food and gasoline prices.Link to Press Release(s):https://investor.costco.com/news-releases/news-release-detai...If you like this type of coverage and would like to see more of it, let me know by hitting the "Recommend It!" button or leaving a comment.CMFHeavyMetal-----Ticker Guide for Costco Wholesale (COST), Facebook (FB), iQiyi (IQ), Magellan Midstream Partners (MMP), OrganiGram Holdings Inc. (OGI), Pegasystems Inc. (PEGA), Retail Opportunity Investments Corp. (ROIC), & Upwork (UPWK)Disclosure: May own shares of some, or all of the companies mentioned in this post. (http://tinyurl.com/HM-Disclosure)
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