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Costco Wholesale
COST reported a 6% gain in its June same-store sales.
International sales rose 7%, while US sales gained 6% in the five weeks ended July 6, 2014. Analysts were expecting total same-store sales to rise 5.4%.
Excluding a positive impact of gasoline prices and a negative effect of foreign currencies, total comparable sales climbed 6%. Excluding these effects, US sales gained 6% and international same-store sales climbed 8%.
Costco's net sales jumped 10% to $10.89 billion in June from $9.91 billion.
Costco shares gained 0.39% to close at $117.92 yesterday.
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