Costco Reports January Sales Rose 2%, Same-Store Sales Flat

Shares of Costco Wholesale Corporation (NASDAQ: COST) were trading lower by nearly 2 percent Thursday morning after the company reported its January sales metrics.

Costco's total net sales during the month of January rose 2 percent from a year ago to $8.15 billion. Comparable sales were reported to be flat in the US.

By region, comparable sales rose 1 percent in the US and fell 6 percent in Canada, while the Other International segment's comparable sales were flat.

Excluding the negative impact from foreign exchange and gasoline price deflation, comparable sales rose 11 percent in Canada and 10 percent in the Other International segment. As a whole, comparable sales would have risen 4 percent.

For the 22-week period ending January 31, 2016, total net sales rose to $49.98 billion from $49.01 billion while comparable sales were flat, or 6 percent higher excluding foreign exchange and gasoline price deflation.