Costco Posts Rise In Fiscal 2015 Sales

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Costco Wholesale CorporationCOST
reported a rise in its same-store sales during fiscal 2015. Costco's same-store sales gained 1 percent for the year. However, same-store sales, excluding the negative impacts from gasoline price deflation and foreign exchange, climbed 7 percent. Its total sales for the year surged to $113.7 billion, compared to $110.2 billion in the prior year. Costco's August sales gained 5 percent, excluding the negative impacts from gasoline price deflation and foreign exchange. Total sales dropped to $8.7 billion in August, versus $8.8 billion a year ago. For the fourth quarter, its total sales gained to $35.0 billion from $34.8 billion. Costco shares gained 1.53 percent to close at $140.42 yesterday.
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Posted In: NewsSame-store sales
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