Costco Wholesale August Comparable Sale Flat, Net Sales Up 2%

(RTTNews) - Costco Wholesale Corp. (COST) reported that its total comparable sales for the month of August 2016 was flat, with flat in U.S., a 4 percent rise in Canada, and Other International comparable sales flat.

Monthly total Comparable sales, excluding the negative impacts from gasoline price deflation and foreign exchange, were up 2 percent, with 2 percent rise in U.S., a 4 percent increase in Canada, and flat in Other International comparable sales.

Net sales were $8.9 billion for the month of August, the four weeks ended August 28, 2016, an increase of two percent from $8.7 billion during the similar period last year.

Total comparable for the fourth-quarter sales was flat, with flat in U.S., a 2 percent rise in Canada, and 2 percent decline in Other International comparable sales.

Quarterly total Comparable sales, excluding the negative impacts from gasoline price deflation and foreign exchange, were up 3 percent, with 2 percent rise in U.S., a 5 percent increase in Canada, and 1 percent rise in Other International comparable sales.

For the 16-week fourth quarter, the Company reported net sales of $35.7 billion, an increase of two percent from $35.0 billion in the fourth quarter last year, which ended August 30, 2015.

For the 52-week fiscal year ended August 28, 2016, the Company reported net sales of $116.1 billion, an increase of two percent from the $113.7 billion reported last year.