Costco Comparable Store Sales Rise 8.5% in September

By Yasin Ebrahim

Investing -- Costco reported Wednesday comparable store sales grew 8.5% in September as double-digit growth in its core U.S. market more than offset weakness abroad.

Costco Wholesale Corp (NASDAQ: COST) was flat in aftermarket hours.

Net sales rose to $21.46 billion in the four weeks ended Oct. 2, an increase of 10.1% from $19.5 billion last year.

Comparable sales in the U.S. and Canada led the gains, rising 11.2% and 5.7% respectively in September, while international fell 1.9%.

E-commerce sales were up 0.7%.

You May Also Be Interested In

• RBC Capital Starts Costco Wholesale (COST) at Sector Perform
• IBM (IBM) PT Lowered to $280 at BofA Securities
• RBC says Costco is one of retail’s best stories, but flags rich valuation