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Costco shares dip after reporting same-store sales in June

Investing.com -- Costco Wholesale Corp (NASDAQ:COST) shares were dipping after the retailer reported sales for June.

Warehouse retailer Costco Wholesale reported June net sales of $22.86 billion, an increase of 0.4% from the same time last year.

The company said that for the 44 weeks ended July 2, it reported net sales of $196.93 billion, an increase of 4.6% from one year ago.

Shares fell 0.7% in after-hours trading.

June comparable sales, excluding the impacts from changes in gasoline prices and foreign exchange, rose 3.0%. It also said U.S. comparable sales growth excluding those impacts was 2.0%, and e-commerce was down 0.4%.

Shares are up more than 17% so far this year.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.