Breaking News Bar
updated: 11/7/2013 7:54 AM

Costco Oct. key revenue metric beats Street's view

hello
Success - Article sent! close
  • Gilbert R. Boucher III | Daily Herald file photoCostco's sales at stores open at least a year rose 3 percent in October, beating Wall Street's expectations.

      Gilbert R. Boucher III | Daily Herald file photoCostco's sales at stores open at least a year rose 3 percent in October, beating Wall Street's expectations.

 
Associated Press

ISSAQUAH, Wash. -- Costco's sales at stores open at least a year rose 3 percent in October, beating Wall Street's expectations.

Analysts surveyed by Thomson Reuters predicted a 2.6 percent increase for the wholesale club operator.

This figure is a key gauge of a retailer's health because it excludes results from locations recently opened or closed.

In the U.S., the metric climbed 4 percent. It rose 3 percent overseas.

Excluding the impact of lower gas prices and foreign currency fluctuation, sales at stores open at least a year increased 6 percent. It climbed 5 percent in the U.S. and rose 7 percent internationally.

Costco Wholesale Corp., which is based in Issaquah, Wash., said Thursday that total revenue for the four weeks ended Nov. 3 climbed 6 percent to $8.15 billion.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.