By
Reuters
Reuters
Published
May 26, 2016
May 26, 2016
Costco's comparable sales miss estimates on weak April sales
By
Reuters
Reuters
Published
May 26, 2016
May 26, 2016
Warehouse club retailer Costco Wholesale Corp on Wednesday reported lower-than-expected quarterly comparable sales, hurt by weak sales in April.

Sales at stores open more than a year were flat, falling short of the 1% growth expected by analysts polled by research firm Consensus Metrix.
Excluding the impact of fuel and currency fluctuations, sales at comparable stores rose 3%, below the average analyst estimate of 4.6% growth.
Net income attributable to Costco rose to $545 million, or $1.24 per share, in the third quarter ended May 8 from $516 million, or $1.17 per share, a year earlier.
Revenue rose 2.6% to $26.77 billion from $26.10 billion a year earlier.
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