Costco Wholesale (COST) March Comps Rise 6%

Late Wednesday, Costco Wholesale Corporation (Nasdaq: COST) reported net sales of $11.64 billion for the month of March, the five weeks ended April 2, 2017, an increase of nine percent from $10.71 billion during the similar period last year. This year’s total reflects one additional sales day due to the timing of Easter, which positively impacted net and comparable sales by an estimated one to one and one-half percent.

For the thirty-one weeks ended April 2, 2017, the Company reported net sales of $72.82 billion, an increase of six percent from $68.96 billion during the similar period last year.

Comparable sales were as follows:

Comparable sales for these periods excluding the impacts from changes in gasoline prices and foreign exchange were as follows:

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 92701767). This message will be available today through 5:00 p.m. (PT) on Wednesday, April 12, 2017.

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