Costco Wholesale Corporation (NASDAQ:COST), a leading U.S. warehouse club operator, recently posted sales data for the four-week period ended May 27, 2012. However, sales fell short of analysts’ expectations as unfavorable foreign currencies fluctuation remained a drag. Moreover, sales for the month were also adversely affected by deflation in gasoline prices.
The company will sustain its sales momentum as it moves further into 2012. After a 4% increase in April, Costco’s comparable-store … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards