Costco Posts Downbeat April Same-Store Sales
Costco Wholesale Corp (NASDAQ: COST) reported a 4% rise in its April comparable-store sales.
Analysts were projecting same-store sales to rise 5.1%. Costco's total sales climbed 7% to $7.25 billion from $6.8 billion. The comparable-store sales gained 4% in the US and rose 3% internationally.
Costco shares closed at $86.64 yesterday.
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