February 2, 2012 / 12:37 PM / 6 years ago

Costco January same-store sales up 8 percent

(Reuters) - U.S. warehouse club operator Costco Wholesale Corp (COST.O) posted a better-than-expected 8 percent rise in January sales at stores open at least a year, helped by higher gasoline prices.

Net sales at Issaquah, Washington-based Costco rose 11 percent to $7 billion in the four weeks ended January 29.

    Analysts were expecting same-store sales to rise 6.1 percent, including the impact of fuel prices, according to Thomson Reuters data.

    Excluding the impact of gasoline prices and foreign exchange, comparable January same-store sales were up 8 percent, Costco said.

    (Corrects length of period to four weeks from five weeks in the second paragraph)

    Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Dan Lalor

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