Loading...
Loading...
Costco Wholesale Corp
COST reported a 13% rise in its May comparable-store sales on Thursday.
The retailer's net sales surged 17% to $7.14 billion, from $6.09 billion in the year-ago month. However, analysts expected same-store sales to rise 11.2% for the month. Its same-store sales increased 11% in the US and 21% internationally. Excluding higher gasoline prices and the positive effect of stronger foreign currencies against the US dollar, Costco's same-store sales climbed 7% for the month.
Costco shares fell 2.75% to close at $80.21 yesterday.
Read more
from Benzinga's Company news.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in