This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Costco Same-Store Sales: What Wall Street's Saying

Stocks in this article: COST

NEW YORK (TheStreet) -- Same-store sales at Costco Wholesale (COST) jumped 7% in August, beating expectations of a 4.63% gain, according to Consensus Metrix.

U.S. same-store sales also rose 7% last month and 6% for the quarter, which ended Aug. 31. Excluding gas and foreign exchange, Costco's same store sales rose 8% in August and 7% for the quarter. Total net sales for the month jumped 10% from last year to $8.8 billion.

Costco also reported net sales of $110.2 billion for its fiscal year, which also ended on Aug. 31, an increase of 7% year over year and in line with consensus estimates. The Issaquah, Wash.-based company reports fourth quarter earnings on Oct. 9.

Read More: Retailers Expose Dramatic Weakness in U.K. Economy

Shares were rising 1.9% to $123.61 on Thursday. Here's what analysts were saying.

Charles Grom, Sterne Agee (Buy; $129 PT)

Against its toughest compare of the balance of '14, Buy-Rated COST printed its best monthly SSS since Dec. '12 - a core of 7.8%. Not only was the print significantly ahead of our 5.0% view, but the step-up both sequentially (~360 bps) and vs. the trailing 12-month avg. (+5.8%) is indicative of a team that remains on its game despite a multi-year string of back-to-back winning seasons. Net, with the NFL season upon us, if this were a fantasy football draft, COST would be the #1 pick, in our view.

Read More: Greenberg: Conn's Crunched by Credit

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs