This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Costco October Same-Store Sales Rise 6%

ISSAQUAH, Wash. ( TheStreet) -- Costco Wholesale (COST - Get Report) said same-store sales in its warehouse clubs rose greater than expectations in October, boosted by higher gas prices and strengthening foreign currencies.

Costco said that comparable sales across the company were up 6% in October, with a 4% increase in the U.S. and a 14% jump in international markets. Analysts were expecting a 4.6% rise, according to data collected by Thomson Reuters.

The wholesale retailer said that inflation in gas prices and stronger foreign currencies has a positive impact on same-store sales. Stripping out those effects, Costco said total comparable sales were up 5% in October.

Costco said that net sales for the four-week period in October were $6.3 billion, an increase of 11% from the year-ago period. Excluding sales from the company's Mexico joint venture, the increase from a year ago was 8%.

Shares of Costco closed Wednesday at $63.16, just below the stock's 52-week high of $65.46.

Other U.S. retailers will report same-store sales data for October throughout Thursday's premarket session.

-- Written by Robert Holmes in Boston.

>To contact the writer of this article, click here: Robert Holmes.

>To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet.

>To submit a news tip, send an email to: tips@thestreet.com.
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
COST $135.09 -0.44%
AAPL $125.42 0.72%
FB $85.76 -0.04%
GOOG $520.60 -0.18%
TSLA $268.26 2.38%

Markets

DOW 17,619.51 +23.16 0.13%
S&P 500 2,063.12 +5.48 0.27%
NASDAQ 4,986.8670 +28.3990 0.57%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs