Costco (NASDAQ: COST) saw net sales for Q3 2016 rise to $26.15 billion from $25.52 billion last year, but comparable store sales were flat globally due to lower gas prices. When adjusted to reflect the negative impact of gasoline price deflation and foreign exchange, the company posted comparable store sales gain of 3% in the United States, 8% in Canada, and 3% across the warehouse club’s locations around the world.
Published in TZ Latest News 30 May, 2016 by The TZ Newswire Staff
Costco Has Strong Q3 Growth Despite Pending Credit Card Switch
Published in TZ Latest News 30 May, 2016 by The TZ Newswire Staff
Costco Has Strong Q3 Growth Despite Pending Credit Card Switch
Costco (NASDAQ: COST) saw net sales for Q3 2016 rise to $26.15 billion from $25.52 billion last year, but comparable store sales were flat globally due to lower gas prices. When adjusted to reflect the negative impact of gasoline price deflation and foreign exchange, the company posted comparable store sales gain of 3% in the United States, 8% in Canada, and 3% across the warehouse club’s locations around the world.