May was very kind to Motley Fool Stock Advisor selection Costco
The 7% increase in same-store sales surpassed the 4.1% gain posted by BJ's Wholesale Club
For Costco, the strongest regions in the U.S. were the Midwest, Texas, the Northeast, and its home, the Northwest. Internationally, Korea and Taiwan were the country's strongest markets, based on local currency. Overall same-store sales received a 0.35% boost from currency gains.
The number of selling days in May this year and last year were the same, so on a year-over-year basis, there are no calendar irregularities driving this year's results. If you're looking ahead to June, there is good reason to be encouraged with the sales strength at Costco heading into the July Fourth holiday. Considering the overall trends in the market lately and some soft results among retailers, it's nice to see Costco keep chugging along.
Costco is one of the many recommendations helping Stock Advisor outperform the market. Interested in learning about the others? Then come take a free 30-day trial.
For related Foolishness:
- The Best Retail Stock for 2007: Costco
- Costco's iPod Adventure
- Conservative Costco Adjusts to Reality