Costco Wholesale July Comparable Sales Up 4% - Quick Facts

(RTTNews) - Membership warehouses operator Costco Wholesale Corp. (COST) reported a four percent improvement in July 2013 comparable sales, with monthly net sales rising seven percent to $7.87 billion, from the prior year's $7.36 billion.

For the four-week period, changes in gasoline prices had a positive impact while foreign exchange rates had a negative impact on comparable sales. These impacts were immaterial for the 48-week period. Excluding these effects, comparable sales for the four-week period was up by 5% for the total company.

For the forty-eight weeks ended August 4, 2013, net sales were $94.91 billion, an increase of eight percent from $87.72 billion in the similar period last year. Comparable sales for the period increased 6%.