MW Costco managed another month of sales growth in April. But it marks a slowdown from March.

By Bill Peters

Retailer's latest report comes as Wall Street looks for signs of tariff impact

Costco Wholesale Corp. on Wednesday said that sales through April rose 7% year over year to $21.18 billion, a slight slowdown from the prior month's gains, as retailers brace for the impact of President Donald Trump's tariffs.

For the four weeks ending on May 4, Costco also put up a 4.4% gain in same-store sales. E-commerce sales were up 12.6%.

Shares of Costco $(COST)$ were up 0.1% after hours on Wednesday.

Trump early last month announced expansive new tariffs on other nations, then largely paused the steepest of those import taxes. However, imports from China into the U.S. continue to face a 145% tariff.

Analysts have been looking for signs of the impact amid concerns about higher prices for consumers and a sparser selection on store shelves, as imports from China shrink and worries endure about order cancellations.

Wall Street will likely zero in on quarterly results next week from Walmart Inc. $(WMT)$ for more detail about consumers' attitudes and ways the biggest retailers are trying to blunt the trade war's impact.

E-commerce giant Amazon.com Inc. $(AMZN)$, during its earnings call last week, said it hadn't seen any "attenuation" of consumer demand, and that most of its sellers hadn't changed their prices yet. Still, analysts remained worried about the company's cautious outlook.

-Bill Peters

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May 07, 2025 16:31 ET (20:31 GMT)

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