Costco (COST0 Comps Rose 6% in February; Q2 Revs Slightly Light

March 7, 2013 9:27 AM EST Send to a Friend
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Costco Wholesale Corporation ("Costco" or the "Company") (NASDAQ: COST) today reported net sales of $7.58 billion for the month of February, the four weeks ended March 3, 2013, an increase of eight percent from $7.01 billion during the similar period last year.

For the twenty-six weeks ended March 3, 2013, the Company reported net sales of $51.35 billion, an increase of nine percent from $47.22 billion during the similar period last year.

Comps rose 6 percent after adjusting for inflation in gasoline as well as the effect of foreign exchange.

The Company today also reported net sales for the second quarter (twelve weeks) and first half (24 weeks) of fiscal 2013, ended February 17, 2013. Net sales for the quarter increased eight percent, to $24.34 billion, from $22.51 billion last year. Net sales for the first half increased nine percent, to $47.55 billion, from $43.69 billion last year.

*** The Stret is modeling Q2 sales of $25.13 billion.


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