Costco October Same-Store Sales Fall 1%
The warehouse retailer said total sales in October rose 2% to $5.3 billion.
Warehouse retailer
Costco
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said comparable-store sales in October fell 1%, while total sales for the month increased 2% to $5.3 billion from $5.2 billion a year earlier.
Analysts surveyed by
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Thomson Reuters
expected comparable-store sales to increase 3.6%.
U.S. comparable-store sales rose 2% and international comparable-store sales declined 10%, Costco said in a press release Thursday.
Excluding the negative effect of foreign exchange, international comparable-store sales in October rose 9% in local currency, while total company comparable-store sales would have increased by 3%, Costco said. Changes in gasoline prices didn't have a material impact on sales, the company said.
