For a second successive quarter, Costco’s performance was impacted by softer sales in big ticket non-food discretionary items. This was partly due to cautious shopping in the ongoing inflationary environment, but also due to tough comparatives where these products performed better than usual in the last two years. Here we look at those results in more detail and highlight five key takeouts. Co...

Costco has reported revenue growth of 5.2% for the second quarter, fiscal 2023. We take a closer look at these results and what is driving this performance.  Second quarter key numbers: Q2 total revenue up 5.2% to $54.2 bn Comparable sales for the quarter (ex-fuel and currency impacts) up 6.8%, including up 5.8% in the US, 9.6% in Canada and 9.5% in other international markets ...

In its Q1 results, Costco has reported total revenue growth of 8.1%, despite tough comparatives. Here we explore the factors underpinning this performance and its plans for 2023.    First quarter key numbers: Q1 total revenue up 8.1% to $53.4 bn Comparable sales for the quarter (ex-fuel and currency impacts) up 7.1%, including up 6.5% in the US, 8.3% in Canada and 9.1% in other intern...