Costco posts strong July sales, comps

Costco Wholesale Corporation reported a 9% increase in net sales to $8.55 billion from $7.87 billion a year ago for the four-week month of July.

Comparable sales for the month, excluding negative impacts from gasoline price deflation and foreign exchange, were up 5% for the U.S., 7% for the International segment, and 6% for the total company;

Year to date, net sales rose by 7% to $101.43 billion from $94.91 billion during the similar period last year.

Comparable sales for the 48 weeks, excluding negative impacts from gasoline price deflation and foreign exchange, were up 5% for the U.S., 7% for the International segment, and 6% for the total company.

Source: Home Textiles Today