Actionable news
0
All posts from Actionable news
Actionable news in COST: Costco Wholesale Corporation,

Costco Reports Flat April Same-Store Sales, Shares Dip 1.7%

Trade with confidence. Are you a professional trader? Be the first to get the alert with Benzinga Pro's real-time newsfeed and audio squawk and never miss an opportunity again.
Don't miss the chance to try it FREE today.

Costco Wholesale Corporation NASDAQ:COST - Costco Reports Flat April Same-Store Sales, Shares Dip 1.7%

Shares of Costco Wholesale Corporation COST were trading lower by more than 1 percent early Thursday after the company reported its April sales data.

Costco said that its total net sales for the month of April rose 3 percent year-over-year to $8.98 billion. However, comparable sales for the four-week period were flat. By region, U.S. same-store sales were flat, Canada gained 2 percent and the "Other International" segment saw a 3 percent decline.

Excluding the negative impacts from gasoline prices, deflation and foreign exchange, same-store sales would have risen 3 percent for the entire company.

At time of writing, Costco shares were down 1.66 percent in Thursday's pre-market hours.

© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.