Costco January sales increase 9%

ISSAQUAH, Wash. — Costco Wholesale reported net sales of $9.08 billion for the month of January, an increase of 9% compared to $8.32 billion in sales during the same period in 2016.

U.S. comparable-store sales for the four week period ended Jan. 29 increased 6% year over year. When excluding impacts from gasoline prices and foreign exchange, U.S. comparable-store sales increased 5% year over year. For the total company, comp-store sales rose 7%.

Costco also announced results for the 22 weeks ended Jan. 29. Net sales came in at $52.26 billion, an increase of 5% versus the year-ago period. U.S. comp-store sales rose by 2% during this 22-week period.

Issaquah-based Costco operates 725 warehouses, including 506 in the United States and Puerto Rico.