$COST reported comparable sales growth of +10.1% and net sales of $17.55B for the retail month of August, an increase of +11.4% from $15.75B last year. Comparable sales, excluding impacts from changes in gasoline prices and forex, increased by +8.7%.

The business is chugging along nicely despite macro headwinds. Warehouse clubs like Costco have actually benefited from the recent economic turbulence, as consumers are looking to mitigate inflation-driven prices by shopping at the warehouse club.

A price hike for Costco membership might be on the horizon soon since the company raises prices approximately every 5.5 years. $WMT owned Sam's Club and Costco’s main rival, already announced that it will be raising membership fees next month.

Personally, I made a mistake not buying the stock when it was in the $435 range a few months ago. I was too greedy and missed the chance to get in. It always seems too expensive. But there will be a next time, however I wouldn’t expect the stock to go down too much.