In this file:
· Costco Slips Following March Sales Numbers
· Costco Wholesale Corporation Reports March Sales Results
Costco Slips Following March Sales Numbers
Shares of discount retailer giant Costco drop after same-store sales in March rise 5.7%.
M. Corey Goldman, TheStreet
Apr 11, 2019
Shares of Costco Wholesale (COST - Get Report) were lower in premarket trading on Thursday after the discount wholesale retailer giant said same-store sales in March rose 5.7%.
Costco shares were down $2.23, or just under 1%, at $243.38 in premarket trading on the Nasdaq Stock Market. They ended the trading day Thursday at $245.61.
Costco said its net sales rose 7.4% in March to $13.87 billion from a year earlier, while same-store sales rose 5.7%, or 5.9% when excluding gas prices, foreign exchange rates, and new accounting standards.
However, this year's five-week March retail month with one extra shopping day vs. last year beefed up total and comparable sales by "one to one and one-half percent," Costco said.
Costco celebrated its strong second-quarter results last month...
Costco Wholesale Corporation Reports March Sales Results
Source: Costco Wholesale Corporation
via GlobeNewswire/Nasdaq - April 10, 2019
ISSAQUAH, Wash., April 10, 2019 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation ("Costco" or the "Company") (Nasdaq:COST) today reported net sales of $13.87 billion for the retail month of March, the five weeks ended April 7, 2019, an increase of 7.4 percent from $12.92 billion last year.
For the thirty-one weeks ended April 7, 2019, the Company reported net sales of $88.29 billion, an increase of 8.4 percent from $81.43 billion during the similar period last year.
This year's five-week March retail month had one extra shopping day versus last year, due to the calendar shift of Easter. This positively impacted total and comparable sales by approximately one to one and one-half percent.
Comparable sales were as follows:
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