Costco’s September Comps Rise 5%; Higher Gas Prices Help Drive Overall Sales Gains (COST)

By Staff,

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Membership warehouse operator Costco Wholesale Corporation ( COST ) on Thursday posted a rise in September sales numbers, helped partially by the recent inflation in gas prices.

The Issaquah, WA-based company reported total September net sales of $9.31 billion, up 8% from $8.61 billion in the same month last year.

Same-store sales rose 6% worldwide, or 5% when excluding the effects of foreign currency fluctuations and gasoline inflation. Same-store sales, also known as comparable sales, measure only results from stores open at least one year. This metric is the preferred measure of a retailer's performance.

Costco shares posted small gains in premarket trading Thursday.

The Bottom Line
Shares of Costco ( COST ) have a 1.10% dividend yield, based on last night's closing stock price of $99.62. The stock has technical support in the $94-$95 price area. The shares are trading at all-time highs.

Costco Wholesale Corporation ( COST ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Stocks
Referenced Stocks: COST

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