Costco Same-Store Sales Climb 5.4% to $14.57 Billion in 5 Weeks Ended July 7

Date : 07/10/2019 @ 9:58PM
Source : Dow Jones News
Stock : Costco Wholesale Corporation (COST)
Quote : 287.53  1.17 (0.41%) @ 5:14PM

Costco Same-Store Sales Climb 5.4% to $14.57 Billion in 5 Weeks Ended July 7

Costco Wholesale (NASDAQ:COST)
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   By Micah Maidenberg 
 

Same-store sales at Costco Wholesale Corp. (COST) rose 5.4% in the five-week period that ended July 7 to $14.57 billion.

Excluding the effects of gasoline prices, currency fluctuations and an accounting change, Issaquah, Wash.-based Costco said Wednesday that same-store sales increased 5.1% in the period.

For the 44-week period that ended July 7, Costco recorded sales of $126.13 billion, up 8 percent versus the comparable timeframe last year.

Costco currently operates 776 warehouse stores, 539 of which are located in the U.S.

U.S. same-store sales after adjustments were up 5.3% in the five-week period that ended July 7, the company said.

Total company e-commerce same-store sales rose about 21% in the period, after adjustments.

 

Write to Micah Maidenberg at micah.maidenberg@wsj.com

 

(END) Dow Jones Newswires

July 10, 2019 16:43 ET (20:43 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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