Thursday, June 9, 2011

Costco April and May 2011 Comps

Costco continued to post positive comps in both U.S. and international stores during April and May 2011.  Comps for May 2011 on a total comp and comp ex gasoline were:

U.S. total and ex gasoline                  11% and    6%
International total and ex gasoline       21% and 12% 
Total U.S. and ex gasoline                 13% and   7%

Comps for April 2011 on a total comp and comp ex gasoline were:

U.S. total and ex gasoline                  11% and    6%
International total and ex gasoline       16% and 10% 
Total U.S. and ex gasoline                 12% and   7%

Traffic in our local neighborhood Costco remains strong despite severe economic conditions that exist in Las Vegas.  Local observed Costco traffic patterns have remained strong during the last two years of the recession.  Local gasoline lines appears to have expanded in recent months as gasoline prices have increased.

The latest data points are consistent with positive accelerating trends reported by Costco during recent months.  Costco comps have remained positive after turning negative during the peak of the recession in late 2008 to early 2009.  Prior to the 2008 to 2009 recession trough, Costco had posted consistent positive comps for several years.  The beat goes on!

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