Costco Posts Upbeat October Same-Store Sales
Costco Wholesale (NASDAQ: COST) posted a 7% surge in its same-store sales in October.
Analysts were expecting a rise of 6.6%. Excluding the effects of fuel prices and foreign exchange, Costco's same-store sales rose 5%.
Costco's net sales gained 9% to $7.67 billion in the period.
Costco's shares closed at $98.43 yesterday.
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