Gas Prices Boost Costco's Q1

Costco Wholesale Corp. here said last week inflation in gasoline prices helped boost comparable-store sales in the U.S. to 6% during the third quarter that 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

ISSAQUAH, Wash. — Costco Wholesale Corp. here said last week inflation in gasoline prices helped boost comparable-store sales in the U.S. to 6% during the third quarter that 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 cal

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