Costco +3.2% after beating profit estimates

• Costco (NASDAQ:COST) reports comparable-store sales in the U.S. rose 4% in the U.S (+8% ex-gas) in FQ2.
• The international comp was -2% (+8% ex-gas and F/X).
• Membership sales +5.8% to $558M.
• SG&A expenses +5.5% to $2.671B.
• Merchandise inventory +1.2% to $8.558B.
• Guidance: A look at the first four week of FQ2 shows a U.S comp of +2% and a flat international comp.
• Previously: Costco Wholesale beats by $0.17, misses on revenue
• COST +3.2% premarket.