UPDATE: Costco Same-Store Sales Rise 5% In April

Costco Wholesale

reported a 5% gain in its April same-store sales. Costco's US same-store sales climbed 5%, while international sales rose 2% in April. Analysts were estimating a 3.2% gain in April same store sales. For the four weeks ended May 4, 2014, Costco's net sales climbed 7% to $8.56 billion, from $7.98 billion in the year-ago period. For the thirty-five weeks ended March 4, 2014, Costco's net sales jumped 6% to $73.21 billion from $69.00 billion. Excluding the impact of gasoline prices and foreign currencies, Costco's comparable sales surged 5% in the month. Costco's shares fell 0.75% to close at $111.98 yesterday.