Costco Wholesale Corporation (NASDAQ:COST, ETR:CTO) reported an 8% year-over-year jump in sales to $26.44 billion for the month of June, driven by membership loyalty, its e-Commerce expansion and international growth.
Comparable sales were up 5.8% from the same month in 2024, including 4.7% growth in the US, 6.7% growth in Canada and a 10.9% jump in other international markets.
E-commerce sales surged by 11.5% when compared to June last year.
Costco operated 907 warehouses worldwide as of July 2025, including 624 in the US and Puerto Rico, and had an online presence in eight countries.
Share gains continue: UBS
The company’s June sales report shows continued excellence in execution, analysts at UBS believe.
“Costco reported yet again another solid monthly sales result in June, on both an absolute and a relative basis. This indicates its share gains are continuing,” they wrote.
Notably, the firm sees evidence of Costco gaining ground in essential categories. “The traffic growth likely resulted in share gains in non-discretionary categories such as Fresh Foods, which grew high single digits this month,” they wrote.
Even as some pandemic-era tailwinds fade, UBS believes Costco’s value proposition remains compelling.
“While the company is seeing some leveling off of its overall comps as it laps the big gains from gift cards and precious metals, we believe this moderation has been anticipated by the market,” the analysts wrote.
Analysts highlighted the company’s ongoing digital investments as a key contributor to its growth.
“Costco continues to benefit from SKU expansions, continued investments in digital media, faster & expanded delivery via Costco Logistics, and mobile app personalization,” they wrote.
“The retailer also recently announced a buy-now, pay-later offering in partnership with Affirm. This should stimulate demand for big-ticket items, potentially accelerating its e-commerce momentum.”
UBS also noted improvements in Costco’s delivery capabilities as a positive. “The company is now able to deliver within a 2-day window across many urban centers across the US,” the analysts wrote.
“We see several opportunities within the e-commerce segment. As the company's online offering continues to evolve, we believe this will deepen customer penetration and help boost membership over time.”
The analyst concluded: “We believe that Costco's strong execution, top-line consistency, and unwavering allegiance to its model help to distinguish it from its peers. We expect these factors, along with Costco's robust sales and traffic metrics, to reward its shares with a premium valuation.”
Shares of Costco were little changed at $985 at the market open on Thursday, up more than 7% so far this year.