Costco Wholesale June Comps. Flat; Net Sales Increase 3%

(RTTNews) - Costco Wholesale Corp. (COST) reported that both total comparable sales and U.S. comparable sales for the month of June 2016 were flat, with a 1 percent increase in Canada, and Other International comparable sales decreased 3 percent.

Monthly total Comparable sales, excluding the negative impacts from gasoline price deflation and foreign exchange, were up 3 percent, with a 2 percent rise in U.S., a 7 percent increase in Canada, and 2 percent rise in Other International comparable sales.

Net sales for the month of June, the five weeks ended July 3, 2016 were $11.33 billion, an increase of three percent from $11.03 billion during the similar period last year. The five-week June reporting periods included 34 selling days in both years for the U.S. and Canada.

For the forty-four weeks ended July 3, 2016, the Company reported net sales of $98.51 billion, an increase of two percent from $96.33 billion during the similar period last year.