Costco's June Same-Store Sales Fall 6%
Joseph Woelfel
07/09/09 - 03:25 AM EDT
Warehouse retailer
Costco(COST Quote) said same-store sales in June fell 6%, while total sales fell 4% to $6.88 billion from $7.15 billion a year earlier.
Analysts surveyed by Thomson Reuters expected Costco to report a same-store sales decline of 6%.
Costco said Thursday U.S. same-store sales in June fell 6%, while international sales declined 3%.
Same-store sales in June rose 1%, excluding gas deflation and foreign exchange.