Costco Wholesale (COST) June Comps Flat, +3% Ex-Gas
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Overall Analyst Rating:
BUY ( Up)
Dividend Yield: 0.7%
Revenue Growth %: +8.0%
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Costco Wholesale Corporation (NASDAQ: COST) reported net sales of $11.33 billion for the month of June, the five weeks ended July 3, 2016, an increase of three percent from $11.03 billion during the similar period last year. The five-week June reporting periods included 34 selling days in both years for the U.S. and Canada.
For the forty-four weeks ended July 3, 2016, the Company reported net sales of $98.51 billion, an increase of two percent from $96.33 billion during the similar period last year.
Comparable sales for the five-week and forty-four week periods ended July 3, 2016, were as follows:
5 Weeks 44 Weeks
---------- ----------
U.S. 0% 2%
Canada 1% -4%
Other International -3% -4%
Total Company 0% 0%
========== ==========
Comparable sales for these periods excluding the negative impacts from gasoline price deflation and foreign exchange were as follows:
5 Weeks 44 Weeks
---------- ----------
U.S. 2% 4%
Canada 7% 9%
Other International 2% 4%
Total Company 3% 5%
========== ==========
Additional discussion of these results is available in a pre-recorded telephone message. The recording can be accessed by dialing 1-855-859-2056 (conference ID 57699328). This message will be available today through 5:00 p.m. (PT) on Wednesday, July 13, 2016.
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