April sales drop 6%

Costco reported that it's April sales were down 6 percent from the same period a year ago. Sales were $5.18 billion, down from $5.54 billion a year earlier. This year's four-week month included 27 days of sales compared to 28 last year, reflecting the timing of Easter. The company said the calendar shift is estimated to have negatively impacted this year's total and comparable sales by approximately two to three percent.