September 2019 US Same-Store Sales: Costco Experiences Slower Growth, but Beats Consensus Estimate

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 September US Same-Store Sales report:

• Costco’s global September same-store sales growth decelerated from August but beat the consensus estimate. Its e-commerce growth came in at 17.8% in September, lower than August’s 23.9% growth.
• Buckle posted an increase in same-store sales in both the men’s and women’s segments.
• Cato’s same-store sales growth rate accelerated from 3% in August to 5% in September. The company stated that its same-store sales continued on a positive trend, but it remains cautiously optimistic as it evaluates the impact of the tariffs implemented this month.