Costco January same-store sales top estimates
From Reuters US Online Report Business News | 2010-02-04 15:12:23
<div><p>(Reuters) - Costco Wholesale Corp &lt;COST.O&gt; reported a better-than-expected 8 percent increase in January same-store sales, helped by a weak dollar and higher gasoline prices.</p><p>Analysts, on average, were expecting a rise 7.8 percent in January same-store sales, including the impact of fuel prices and foreign exchange, according to Thomson Reuters data.</p><p>Same-store sales at U.S. locations rose 4 percent, while its international division sales surged 25 percent, the company said.</p><p>January net sales rose 10 percent to $5.62 billion.</p><p>Excluding the impact of gasoline prices and foreign exchange, the company said U.S. comparable sales were flat, while on a local currency basis, international same-store sales rose 9 percent.</p><p>(Reporting by Sakthi Prasad in Bangalore; Editing by Maju Samuel)</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=68427556&bid=informcom" /></div><div id="copyright"><div>
Copyright 2010 <a href="http://www.reuters.com/finance">Reuters US Online Report Business News</a></div></div>
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