Issaquah, Wash.-based Costco Wholesale Corp. reported net sales of $5.41 billion for the month of July, the four weeks ended Aug. 2, a 5 percent decrease from $5.70 billion in the same four-week period last year.
For the first 48 weeks of its reporting period ended Aug. 2, the retailer reported net sales of $64.43 billion, a 2 percent decrease from $65.54 billion during the same forty-eight-week period last year.
Same-store sales for the four-week retail-reporting month of July were down 7 percent from the same month last year. In the U.S., comparable store sales for the month declined 8 percent. Comparable store sales for the 48 weeks from September through July were down 4 percent, and in the U.S., same-store sales were down 2 percent.