Costco reports August comps increase

ISSAQUAH, Wash. Costco Wholesale reported net sales of $5.41 billion for the month of August, an increase of 12% from $4.84 billion in the same four-week period last year.

Net sales for the fiscal 2008 fourth quarter were $22.6 billion, an increase of 12% from $20.09 billion in the 16-week fourth quarter of fiscal 2007.

Total comparable sales, including fuel, increased 9%. Excluding gasoline price inflation, U.S. comparable sales would have been up 6%. In addition, foreign exchange rates negatively impacted international comparable sales results.