Nomura Securities Reiterates Buy on Costco Wholesale (COST) Following 3Q Report
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Costco Wholesale Corporation Reports Third Quarter and Year-to-Date Operating Results for Fiscal Year 2016
May 25, 2016 9:00 PM EDTISSAQUAH, WA -- (Marketwired) -- 05/25/16 -- Costco Wholesale Corporation ("Costco" or the "Company") (NASDAQ: COST) today announced its operating results for the third quarter (twelve weeks) and first thirty-six weeks of fiscal 2016, ended May 8, 2016.
Net sales for the quarter increased two percent, to $26.15 billion from $25.52 billion last year. Net sales for the first thirty-six weeks increased two percent, to $80.34 billion from $78.67 billion last year.
Comparable sales for the twelve-week and thirty-six-week periods were as follows:
12 Weeks 36 Weeks ---------- ---------- U.S. 0% 2% Canada 1% -5% Other International -2% -4% Total Company 0% 0% ==========... More
