Costco Wholesale (COST) Gains Following 7% January Comp Increase

Costco Wholesale Corporation (NASDAQ: COST) is gaining 2.9% in pre-open trade after the company today reported that comps rose 7%, or 5% ex-gas.

Net sales were $9.08 billion for the month of January, the four weeks ended January 29, 2017, an increase of nine percent from $8.32 billion during the similar period last year.

Comparable sales were as follows:

                                                      4 Weeks     22 Weeks

                                                   ------------ ------------



U.S.                                                    6%           2%

Canada                                                 11%           6%

Other International                                     4%           0%



Total Company                                           7%           2%

                                                   ============ ============

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

                                                      4 Weeks     22 Weeks

                                                   ------------ ------------



U.S.                                                    5%           2%

Canada                                                  1%           4%

Other International                                     8%           4%



Total Company                                           5%           3%

                                                   ============ ============

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