Costco Posts Upbeat August Same-Store Sales
Costco Wholesale (NASDAQ: COST) reported upbeat same-store sales for August.
Including the impact of fuel and foreign exchange, Costco's same-store sales increased 4% in the month. However, analysts were estimating same-store sales to surge 3.8% in the month.
Its net sales for August jumped 7% to $7.95 billion, while Q4 sales gained 1% to $31.8 billion.
Costco shares closed at $111.50 yesterday.
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