Costco Sales Up Despite Fuel Price Drop, Strong Dollar

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By Trey Thoelcke Published
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Costco Wholesale Corp. (NASDAQ: COST) this morning reported net sales of $7.25 billion for the month of July, an increase of 8% from $6.74 billion during the similar period of last year.

The Issaquah, Wash.-based membership warehouse operator posted a 5% increase in same-store sales for the month of July, and said that lower fuel prices and a strong dollar negatively affected its results. Excluding those effects, Costco posted a July same-store sales increase of 7%.

Analysts had expected Costco’s July sales to increase 4%, according to preliminary Thomson Reuters estimates.

Costco is inactive in premarket trading. It closed Tuesday 0.3% lower to $96.18. The 52-week range is $70.22 to $97.76. Before this news, analysts polled by Thomson Reuters had a mean price target that is less than the current share price.

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About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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