NEW YORK (TheStreet) -- Costco Wholesale Corp. (COST) shares are up 0.8% to $117.29 on Thursday following news that the company's same-store sales rose 6% in May from a year ago.
Analysts polled by Thomson Reuters were expecting a 4.8% rise in same-store sales.
The company attributed higher gas prices to the better-than-expected sales numbers.
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TheStreet Ratings team rates COSTCO WHOLESALE CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate COSTCO WHOLESALE CORP (COST) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: