Costco May Comps Jump With E-Commerce Leading

May was another stellar comparable sales month for Costco as its stores continued adapting to the impact of the COVID-19 pandemic.

Comps, excluding the effects of gasoline and foreign exchange rate sales, were up 9.7% in the fiscal month year over year, with comps in the U.S. up 9.2%, those in Canada up 4.9% and those in other international markets up 17.9%. E-commerce comps gained 108.1% versus the prior-year month.

Net sales were $12.55 billion, up 7.5% from May of last year.

Costco noted that, by region, U.S. sales were best in the Southeast, Texas and the Northeast. The company reported that non-foods rebounded in May as compared to the past few months while food and other consumables sales remained strong. Softlines sales, including home goods, advanced in the low single digits on a percentage basis with recently weaker categories apparel, luggage and jewelry rebounding somewhat. Hardline sales gained in the low 20s with major appliances including electronics, sporting goods and hardware all strong. Food and sundries sales were up in the high teens and fresh food sales were up in the low 20s.

Costco was recently named a HomeWorld Business 2020 Retail Champion.