
Costco Nov. Same-Store Sales Rise 9%
Updated from 3:29 a.m. EST
ISSAQUAH, Washington (
) --
Costco
(COST) - Get Report
, the warehouse retailer, said comparable-store sales in November rose 9%.
Analysts surveyed by Thomson Reuters were expecting same-store sales to increase 6.2%.
Sales for the month included those from the company's Mexico joint venture.
Comparable-store sales in the U.S. rose 7%, while international sales jumped 13%. Excluding gas price inflation and stronger foreign currencies, Costco's comparable-store sales in November rose 6%.
Net sales for November rose 12% to $6.78 billion. Without sales from its Mexico joint venture, Costco said sales would have risen 9%. The retailer began consolidating its Mexico operations beginning with fiscal 2011 on Aug. 30.
For the 13 weeks ended Nov. 28, Costco said comparable-store sales rose 7%, while total sales were $20.59 billion, an increase of 11%.
-- Written by Joseph Woelfel
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Joseph Woelfel
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