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Costco 4th-quarter comparable-store sales fall 1 pct

Published 2015-09-29, 09:11 p/m
© Reuters.  Costco 4th-quarter comparable-store sales fall 1 pct
COST
-

Sept 29 (Reuters) - Costco Wholesale Corp COST.O reported
a fall in comparable-store sales for a second straight quarter
as a stronger dollar reduced the value of sales from overseas
markets.
Comparable sales, including fuel and foreign currency
impacts, fell 1 percent in the fiscal fourth quarter ended Aug.
30. Analysts polled by research firm Consensus Metrix had
expected a drop of 1 percent.
Net income attributable to Costco rose 10 percent to $767
million, or $1.73 per share, in the quarter, from $697 million,
or $1.58 per share, a year earlier.

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