April 7, 2011 – (Reuters) - Warehouse club operator Costco Wholesale Corp <COST.O> beat forecasts with a 13 percent rise in March same-store sales, helped by strong foreign currencies and higher gasoline prices.
Continue Reading Below
The largest U.S. warehouse club company posted an increase of 13 percent in stores open at least a year, compared with a forecast for 7.4 percent, according to Thomson Reuters Data.
The company posted an increase of 17 percent in same-store sales at its international segment, while the U.S. segment sales grew 11 percent.
(Reporting by Megha Mandavia in Bangalore; Editing by Dan Lalor)