Higher expenses drive down Costco 1Q results

Higher expenses drive down Costco 1Q results

Higher expenses and the impact of foreign currency fluctuations and gas deflation led to sales and earnings results that were slightly below forecasts and analyst expectations for Costco Wholesale, the retailer said Wednesday.

The Issaquah, Wash.-based club retailer said overall sales totaled $26.6 billion in the quarter, a 1.3% increase from the same period last year. Same-store sales decreased by 1%, but when

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