BMO Capital Cuts Price Target Following Costco Wholesale's (COST) January Sales Miss

Costco Wholesale Corporation Reports January Sales Results

February 3, 2016 9:00 PM EST

ISSAQUAH, WA -- (Marketwired) -- 02/03/16 -- Costco Wholesale Corporation ("Costco" or the "Company") (NASDAQ: COST) today reported net sales of $8.32 billion for the month of January, the four weeks ended January 31, 2016, an increase of two percent from $8.15 billion during the similar period last year.

For the twenty-two weeks ended January 31, 2016, the Company reported net sales of $49.98 billion, an increase of two percent from $49.01 billion during the similar period last year.

Comparable sales were as follows:

4 Weeks 22 Weeks ---------- ---------- U.S. 1% 3% Canada -6% -9% Other International 0% -4% Total Company 0% 0% ==========... More