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Costco reported net sales of $10.43 billion for the month of March, an 8% increase from $9.67 billion during the same period last year. Same-store sales increased 5% thanks to an extra day in the period and a shift in timing of Easter, according to Reuters. The sales outperformed analyst expectations, who predicted a 3.5% rise in same-store sales.

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“This calendar shift positively impacted this year’s net and comparable sales by an estimated one to one and one-half percent,” said Costco.

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For the thirty-one weeks ended April 6, 2014, Costco’s net sales have continued to rise to $64.65 billion, a 6% increase from $61.02 billion from the same period last year.

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In after-hours trading on April 10, the company’s shares fell $0.97, or 0.86%, to $112.08. In general, a majority of stocks were down due to investors dumping technology and biotechnology stocks, according to CNN. Will the market rally back after this interesting day of trading?

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Congratulations on continuing to exceed analyst expectations, Costco. Stay tuned to AndNowUKnow as we continue tracking the financial progress of the grocery retailers in our industry.

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Costco

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