Costco tops expectations with comparable sale gain of 5.6% in January
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Costco Wholesale Corporation (NASDAQ:COST) announced sales for January were up 6.9% to $16.84B.
The retailer said the shift of the Lunar New Year/Chinese New Year to earlier in the year negatively impacted international sales by about 2% during the month and clipped total sales by 0.25%. 
Comparable sales were up 5.6% during the month, driven higher by a 6.6% gain in the U.S. Both tallies beat the consensus estimates. 
E-commerce sales were down 15.4% year-over-year.
After stripping out the impact of gas prices and foreign exchange, comparable sales were up 7.4%, including a 6.9% increase in the U.S. and 8.9% rise in Canada.
Shares of Costco (COST) inched up 0.65% in postmarket trading.