Buy Costco (COST) on Weakness – Morgan Stanley
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Costco Wholesale Corporation Reports First Quarter Fiscal Year 2016 Operating Results
December 8, 2015 9:00 PM ESTISSAQUAH, WA -- (Marketwired) -- 12/08/15 -- Costco Wholesale Corporation ("Costco" or the "Company") (NASDAQ: COST) today announced its operating results for the first quarter (twelve weeks) of fiscal 2016, ended November 22, 2015.
Net sales for the first quarter increased one percent, to $26.63 billion from $26.28 billion during the first quarter last year.
Comparable sales for the first quarter of fiscal 2016 were as follows:
12 Weeks -------- U.S. 2% Canada -9% Other International -5% Total Company -1% ========
Comparable sales for this period excluding the negative impacts from gasoline price deflation and foreign exchange were as follows:
12 Weeks -------- U.S. 6% Canada 9% Other International 7% Total Company... More
