Costco May Sales Slip 5%
Costco Wholesale Corp. reported net sales of $5.47 billion for the month of May, ended May 31. The results represent a 5 percent decrease from $5.77 billion in the same four-week period last year.
For the first 39 weeks of its reporting period ended May 31, Costco reported net sales of $52.15 billion, a 1 percent decrease from $52.69 billion during the same 39-week period last year.
Same-store sales for the four-week month of May were down 6 percent in the U.S., 7 percent internationally and 7 percent overall. Comparable sales for the four-week period, excluding the negative impact from gasoline deflation and foreign exchange were down 1 percent in the U.S., up 7 percent internationally and up 1 percent for the total.