Gas Price Hikes Add 2% Boost to Costco Comps

Costco Wholesale Corp. said yesterday that inflation in gasoline prices helped increase comparable-store sales in the U.S. by 6% during the third quarter ended May 11 — a figure that would have been up only 4% without the boost provided by fuel.

ISSAQUAH, Wash. — Costco Wholesale Corp. here said yesterday that inflation in gasoline prices helped increase comparable-store sales in the U.S. by 6% during the third quarter ended May 11 — a figure that would have been up only 4% without the boost provided by fuel. The company said the average price per gallon of gasoline rose 20% since last year’s third quarter. Richard Galanti, executive vice president and chief financial officer, told analysts during a conference call that roughly 30%

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