Costco Wholesale’s revenue growth continued to climb, up 8.1% in May from last year to $19.6 billion.
That’s also an increase from April, when the company’s net sales rose 7.1% to $19.8 billion.
E-commerce continues to show success, with online same-store sales up 15.3% year-over-year for May. In April, they rose 14.6%. Total company same-store sales rose 6.4% from a year ago. In April, they rose 5.6%.
The stock was down 0.04% to $834 in after-hours trading. Shares are up 26.4% so far this year.
On May 30, the wholesale retailer reported fiscal third quarter revenue of $57.4 billion, a 9.1% year-over-year rise. The company narrowly missed estimates calling for $58 billion. U.S. same-store sales rose by 6%, in line with expectations. Earnings for the quarter beat expectations, at $3.78 a share versus FactSet’s estimate of $3.70 a share.
Costco is one of the only retailers to still report monthly sales. The company doesn’t provide earnings guidance, so investors use the monthly updates to set estimates for the year ahead.