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Costco Wholesale (COST) Stock Slips on March Comp Sales

NEW YORK (TheStreet) -- Shares of Costco Wholesale Corp. (COST - Get Report) are falling 0.81% to $155.50 in Thursday's pre-market trading session after the membership warehouse operator reported its same-store sales figures for the month of March, which came in below analysts' forecasts.

Last night the retailer said comparable-store sales rose 1% in March, missing Wall Street's expectations of a 1.9% increase.

However, excluding adverse impacts from gasoline prices deflation and foreign exchange, same-store sales rose 4% year-over-year.

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