Costco Wholesale (COST) August Comps Down 2%

September 3, 2009 6:36 AM EDT
Costco Wholesale Corporation (NASDAQ: COST) Comparable sales for the four-week retail-reporting month of August were down 2%, (-4% in the U.S. and +3% International). This was better than the analyst consensus of a 5.7% drop for August.

Excluding the negative impacts from gasoline deflation and foreign exchange, Comparable sales werer up 2% (0% in the U.S. and +7% International).

Costco reported net sales of $5.4 billion for the month of August, the four weeks ended August 30, 2009, compared to net sales of $5.4 billion in the same four-week period last year.

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