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Costco shares dip after reporting same-store sales in June

Published 07/07/2023, 05:20 AM
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COST
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Investing.com -- Costco Wholesale Corp (NASDAQ:COST) shares were dipping after the retailer reported sales for June.

Warehouse retailer Costco Wholesale reported June net sales of $22.86 billion, an increase of 0.4% from the same time last year.

The company said that for the 44 weeks ended July 2, it reported net sales of $196.93 billion, an increase of 4.6% from one year ago.

Shares fell 0.7% in after-hours trading.

June comparable sales, excluding the impacts from changes in gasoline prices and foreign exchange, rose 3.0%. It also said U.S. comparable sales growth excluding those impacts was 2.0%, and e-commerce was down 0.4%.

Shares are up more than 17% so far this year.

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