Costco Posts Downbeat November Same-Store Sales
Costco Wholesale (NASDAQ: COST) reported a 2% rise in its same-store sales in the four weeks ended December 1.
Analysts were expecting a 3.5% gain in comparable sales. In the US, Costco's comparable sales climbed 2%. Excluding negative impacts of declining gasoline prices and foreign exchange, Costco's comparable sales increased 4%, versus economists' expectations for a 4.7% gain.
Costco shares closed at $122.97 yesterday.
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