Costco July net sales jump nearly 5%, comparable sales rise 2.5%
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Discount retailer Costco (NASDAQ:COST) on Thursday reported a Y/Y rise in net sales for the retail month of July, while also delivering an increase in comparable sales.
July net sales of $17.60B increased 4.5% from $16.85B a year ago.
Total company comparable sales for July gained 2.5%. Excluding the impact of gasoline prices and foreign exchange, total company comparable sales rose 5%.

U.S. comparable sales for July came in at +1.3%, and rose 4.5% excluding gasoline prices and foreign exchange.
"For the forty-eight weeks ended July 30, 2023, the Company reported net sales of $214.53B, an increase of 4.6% from $205.19B during the similar period last year.," COST said in a statement.
Costco (COST) stock earlier closed -0.6% at $552.35.