Costco March same-store sales beat forecast

Reuters

(Reuters) - Warehouse club operator Costco Wholesale Corp beat forecasts with a 13 percent rise in March same-store sales, helped by strong foreign currencies and higher gasoline prices.

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.

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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)

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