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UPDATE 1-Costco March same-store sales miss market view
April 5, 2012 / 7:34 AM / 6 years ago

UPDATE 1-Costco March same-store sales miss market view

April 5 (Reuters) - Costco Wholesale Corp posted a 6 percent rise in March same-store sales that fell short of market expectations, partly hurt by weak foreign currencies compared with the U.S. dollar.

Analysts were expecting same-store sales, or sales in stores open for at least a year, to increase 6.7 percent, including the impact of fuel prices, according to Thomson Reuters data.

Costco, which runs 601 warehouses in nine countries, said comparable store sales were up 6 percent in March, without the impact of gasoline prices and foreign exchange.

International same-store sales, excluding the impact of fuel prices and foreign exchange, rose 9 percent in March. However, they rose 7 percent for the month, including these effects.

Net sales at Issaquah, Washington-based Costco climbed 10 percent to $9.13 billion for the five weeks ended April 1.

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