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Costco June same-sales rise 9 percent
Costco Wholesale (Nasdaq: COST) said same-store sales rose 9 percent in June including gasoline. Excluding the impact of gasoline price inflation, Costco said its same-store sales would have risen 5 percent in the United States, instead of 9 percent as reported.
International same-store sales rose 11 percent during the month, helped by foreign exchange rates, primarily in Canada.
Total sales for the five weeks ended July 6 rose 12 percent to $7.14 billion from $6.35 billion a year earlier.
Wal-Mart June same-store sales rise
For June, same-store sales for Wal-Mart Stores (NYSE: WMT) rose 5.8 percent during the five-week period ending July 4. Including fuel, same-store sales rose 6.4 percent. The company is raising its guidance based on the strong results.
Total sales rose nearly 12 percent to $39.94 billion.
Wal-Mart Stores said it now expects second-quarter earnings of $0.82 to $0.84 per share, up from guidance issued in May of $0.78 to $0.81 per share.
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