Costco June Sales Slide 4 Percent
Costco Wholesale Corp. (NASDAQ: COST) reported net sales of $6.88 billion for the month of June, the five weeks ended July 5. The sales figure represents a 4 percent decrease from the $7.15 billion posted in the same five-week period last year.
Both this year's and last year's five-week months included 34 days due to U.S. stores being closed for Independence Day and Canadian stores closed for Canada Day.
For the first 44 weeks of its reporting period ended July 5, Issaquah, Wash.-based Costco reported net sales of $59.02 billion, compared to $59.84 billion during the similar 44-week period last year.