July 2019 US Same-Store Sales: Costco Reports Comps Below Consensus

Executive Summary

Coresight Research’s monthly reports keep you up to date on US and UK retail sales, US retail traffic and in-store metrics, selected US retailers’ same-store sales and key global consumer indicators. Click here to view our full collection of Monthly Reports.

Our monthly US Same-Store Sales Report reviews comparable sales metrics reported by Costco, Buckle and Cato.

Highlights from our July US Same-Store Sales report:

• Costco’s global same-store sales growth marginally improved from June, but missed the consensus estimate. Its e-commerce growth accelerated to 21.3% in July, from June’s 15.7%.
• Buckle posted a decline in same-store sales. Sales declined in both the men’s and women’s segments.
• Cato’s same-store sales growth rate decelerated from 8% in June to 4% in July. The company stated that July total sales exceeded the company’s expectations but it foresees challenges for the second half of the year.