Costco Wholesale August Comps, Sales Decline
Source: RTT News
Membership warehouses operator Costco Wholesale Corp. (COST) on Wednesday reported a 1 percent decline in net sales for the month of August from the same period last year.
Comparable sales for the month decreased 2 percent, while it grew 5 percent after excluding the negative impacts from gasoline price deflation and foreign exchange.
The Issaquah, Washington-based company reported net sales of $8.7 billion for the four weeks ended August 30 2015, down 1 percent from $8.8 billion in the same month last year.
