Costco key January sales figure up 4 percent

ISSAQUAH, Wash. (AP) - Costco's sales at stores open at least a year rose 4 percent in January, topping analysts' expectations.

Analysts surveyed by Thomson Reuters predicted a 3.3 percent increase. Costco shares rose in early premarket trading.

Sales at stores open at least a year are closely watched as a key indicator of a retailer's health. They exclude results from stores recently opened or closed.

Costco Wholesale Corp. said Thursday that the figure climbed 5 percent in the U.S. for the four weeks ended Feb. 2. Internationally, the metric edged up 1 percent.

Removing the impact of lower gas prices and foreign currency fluctuations, sales at stores open at least a year rose 6 percent. In the U.S. the figure rose 5 percent, while overseas it increased 8 percent.

Total revenue climbed 6 percent to $7.99 billion.

For the year to date, Costco's sales at stores open at least a year increased 3 percent. The metric rose 4 percent in the U.S. and climbed 1 percent abroad.

Excluding the impact of lower gas prices and foreign currency fluctuations, sales at stores open at least a year rose 5 percent. The figure also climbed 5 percent in the U.S. and gained 7 percent overseas.

Total revenue for the year to date increased 6 percent to $46.32 billion.

Costco, which is based in Issaquah, Wash., said that it plans to report its fiscal second-quarter financial results on March 6.

The company currently runs 649 warehouses, including 462 in the U.S. and Puerto Rico, 87 in Canada, 33 in Mexico, 25 in the U.K., 18 in Japan, 10 in Taiwan, nine in Korea and five in Australia.

Its shares rose $1.87, or 1.7 percent. To $112.38 in premarket trading about three hours ahead of the market open.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Top Stories

  • Even In Death
    A woman's fight against the City of Seattle to keep her parking lot continues

  • Can't Beat Brunch
    Reservations or walk-ins, here are some mouth-watering brunch options for Easter Sunday
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Sign up for breaking news e-mail alerts from
In the community
Do you know a student who stands out in the classroom, school and community?
Help make their dreams come true by nominating them for a $1,000 scholarship and a chance to earn a $10,000 Grand Prize. Brought to you by KIRO Radio and Comprehensive Wealth Management.

Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.