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Costco's FQ1 sales rise 5% (COST)

  • Costco's (COST) net sales rose 5% on year to $8.78B in November.
  • Comparable sales +2%, missing consensus of +3.5%; U.S. +2%, International +1%.
  • Excluding the negative impact of gasoline price deflation and foreign exchange, comparable sales +4% vs forecasts of 4%; U.S. +3%, International +6%.
  • FQ1: total sales +5% to $24.47B.
  • Comparable sales +3%; U.S. +3%, International +1%.
  • Excluding the negative impact of gasoline price deflation and foreign exchange, comparable sales +5%; U.S. +4%, International +6%.
  • Costco operates 648 warehouses, including 461 in the U.S. and Puerto Rico and 87 in Canada. (PR)
Comments (1)
  • Tschurin
    , contributor
    Comments (304) | Send Message
     
    They mention the impact of gasoline price deflation, but what about the impact on comparable sales of the prices they've raised on some of their other products ;-)
    5 Dec 2013, 05:15 AM Reply Like
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