Costco U.S. comps rise 2% in August

ISSAQUAH, Wash. -- Costco reported a 2% increase in same store sales for August and net sales of $8.9 billion.

The comp increase excludes the impact of foreign currency fluctuations and deflation in gasoline prices. The company recorded comps growth of 2% and 4% across its U.S. and Canadian locations, respectively, while it had flat comps at other international outlets.

For the 16-week fourth quarter, the company reported net sales of $35.7 billion, an increase of 2% from $35 billion in the fourth quarter last year, which ended Aug. 30, 2015.

For the 52-week fiscal year ended Aug. 28, 2016, the company reported net sales of $116.1 billion, an increase of 2% from the $113.7 billion reported last year.