Reply #6: Costco sales down an in-line 6 percent [View All]

[ozymandius]

(Reuters) – Costco Wholesale Corp (COST.O) on Thursday reported an in-line 6 percent fall in sales, hit by a slide in demand during the recession for higher ticket items such as cameras and cell phones.

Analysts, on average, were expecting its same-store sales at stores open at least a year in June to fall 6 percent, according to Thomson Reuters data.

Same-store sales at its U.S. locations decreased 6 percent, while international division sales fell 3 percent.

....

Specific categories of strength in food were in deli, candy, sundries and frozen foods, while demand for camera, navigation devices, cell phones, and air conditioners was weak, Nelson said.

....

However, he said that traffic counts were pretty good in June, coming in higher year-over-year by about 4.5 percent.

http://news.yahoo.com/s/nm/20090709/bs_nm/us_costco