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Costco: June same-store sales up 5.4%

(CercleFinance.com) - Costco Wholesale posted a 5.
4% rise in June sales at stores open at least a year, helped by higher gasoline prices.

Excluding the impacts from changes in gasoline prices, foreign exchange, and an accounting change, the U.S. warehouse club operator's comparable sales growth was 5.1%.

The retailer, which operates 776 warehouses across the world, recorded a 3.1% same-store sales growth at its international segment, while U.S. same-store sales rose 6.3% during the five weeks ended 7 July.

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