Costco March Sales Rise 11.3% to $28.41B as E-Commerce Jumps 20%
Costco posted net sales of $28.41 billion for the five-week period ended April 5, up 11.3% year-over-year with 9.4% comparable-sales growth and a 20% surge in e-commerce. An 18% jump in gasoline prices boosted fuel spending, while shares trade at 48 times earnings with a $977 target implying 5% downside.
1. March Sales Performance
Costco posted net sales of $28.41 billion for the five-week period ended April 5, up 11.3% year-over-year with 9.4% comparable-sales growth and a 20% surge in e-commerce.
2. Fuel Price Impact
An 18% jump in gasoline prices drove more members to Costco pumps, boosting fuel spending and lifting fresh food and ancillary services purchases.
3. Valuation and Analyst Outlook
Costco shares trade at 48 times annual earnings, reflecting a premium valuation; the maintained $977 price target implies roughly 5% downside under a Hold rating.