Costco's April sales beat expectations with 13% growth amid economic uncertainty.

Costco reported a 13% total sales growth for April, surpassing expectations despite macroeconomic challenges and an Easter calendar shift. US comparable sales excluding gas rose 8%, with total company comparable sales up 7.8% after adjusting for foreign exchange. Bank of America maintained a Buy rating and $1,185 price target, highlighting Costco's value-driven strategy and resilience. Gasoline sales notably boosted ancillary business, while e-commerce sales grew 18.4%, supporting overall strong performance with expected easing sales comparisons in May and June.