Fitness financials: Best Buy December revenue falls, plus Costco

Best Buy (NYSE: BBY), which now carries fitness equipment in 600 stores, said revenue in stores open at least two years fell 4 percent in December, hurt by weak sales of televisions. Plus, Costco’s same-store sales rise in Dec.
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Best Buy December revenue falls

Best Buy (NYSE: BBY), which now carries fitness equipment in 600 stores, said revenue in stores open at least two years fell 4 percent in December, hurt by weak sales of televisions.

Revenue in stores open at least two years fell 5 percent domestically and edged down 0.1 percent internationally.

For the five weeks ended Jan. 1, total revenue was down nearly 2 percent to $8.4 billion from a year earlier.

Costco’s same-store sales rise in Dec.

Costco (Nasdaq: COST) said same-store sales climbed 6 percent in December.

Sales at U.S. warehouse clubs open at least a year increased 4 percent for the five weeks ended Jan. 2. Internationally the figure climbed 12 percent.

Taking out higher gasoline prices and stronger foreign currencies, sales at warehouse clubs open at least a year rose 4 percent, with U.S. results up 3 percent and international results up 8 percent.

Costco said its total sales increased 11 percent to $9.19 billion in December, helped by sales from its Mexico joint venture.

--Compiled by Wendy Geister

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