-
Costco’s same-store sales up 5% in July
Issaquah, Wash. -- Costco Wholesale Corp. posted a 5% increase in same-store sales in July, helped by strong sales at its U.S. stores. But the stronger dollar and lower gas prices pressured its results.
Same-store revenue at U.S. locations open was up 7% for the period ended July 29. The figure was flat for its international stores.
Taking out the impact of lower gas prices and a stronger dollar, same-store sales rose 7% for the month. In the U.S., the metric was up 8% while overseas it rose 7%.
-
Weis Markets net income up 12.7%
SUNBURY, Pa. — Weis Markets reported that it's net income increased 12.7% to $23.2 million in net income while its earnings per share increased 11.7% to 86 cents per share, compared with 77 cents per share for the same period in 2011. Second quarter operating income increased 11.4% to $35.3 million.
Second quarter sales increased 0.1% to $677.1 million while comparable-store sales increased 0.4%.