Costco Wholesale (COST) July Comps Rose 7%
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Overall Analyst Rating:
BUY ( Up)
Dividend Yield: 0.6%
Revenue Growth %: +7.9%
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Costco Wholesale (NASDAQ: COST) reported net sales of $8.64 billion for the month of July, the four weeks ended August 2, 2015, an increase of one percent from $8.55 billion during the similar period last year. For the forty-eight weeks ended August 2, 2015, the Company reported net sales of $104.95 billion, an increase of three percent from $101.43 billion during the similar period last year.
Comparable sales for the four and forty-eight week periods were as follows:
4 Weeks 48 Weeks
---------- ----------
U.S. 3% 3%
International -10% -4%
Total Company 0% 1%
========== ==========
Comparable sales for these periods, excluding the negative impacts from gasoline price deflation and foreign exchange, were as follows:
4 Weeks 48 Weeks
---------- ----------
U.S. 6% 7%
International 7% 7%
Total Company 7% 7%
========== ==========
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 94063797). This message will be available today through 5:00 p.m. (PT) on Friday, August 7, 2015.
Costco currently operates 680 warehouses, including 480 in the United States and Puerto Rico, 89 in Canada, 36 in Mexico, 26 in the United Kingdom, 20 in Japan, 11 in Korea, 10 in Taiwan, seven in Australia and one in Spain. The Company plans to open up to an additional six new warehouses prior to the end of its fiscal year on August 30, 2015. Costco also operates electronic commerce web sites in the U.S., Canada, the United Kingdom and Mexico.
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