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Costco Posts Strong Results in May

ISSAQUAH, WASH. - Costco Wholesale Corp. reported strong results for May, with increases in both sales and comps.
     Net sales rose 7% to $8.13 billion the four weeks ended June 2. Excluding changes in gasoline prices and foreign exchange rates had negative impacts on comparable sales for the four-week period, comps rose 5% in the U.S., 7% internationally, and 6% for the total company.
     For the thirty-nine weeks, Costco reported net sales of $77.13 billion, an 8% increase. Excluding "immaterial impacts," comps rose 6% in the U.S., 6% internationally, and for 6% the total company.