Costco Wholesale January same-store sales rise 4 pct

Thu Feb 7, 2013 3:37am EST

Feb 7 (Reuters) - Costco Wholesale Corp posted a 4 percent rise in comparable sales in January, marginally above analysts estimates, despite the largest U.S. warehouse operator having one less sales day in the reporting period.

Analysts were expecting sales to rise 3.9 percent, according to Thomson Reuters Data.

Net sales rose 7 percent to $9.35 billion for the five-week period ended February 3.

Costco, which competes against Wal-Mart Stores Inc's Sam's Club and privately-held BJ's Wholesale and is open only to members, offers products at lower prices and at thin profit margins.

It sells everything from groceries to car accessories.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article