Costco Posts Upbeat October Same-Store Sales

Costco Wholesale 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.