Shares of Costco Wholesale Corp. COST are higher in the pre-market by 0.88%, trading at $58.30. The company just reported same store sales for August that beat the Street estimate.
COST said that August SSS were positive by 5%; analysts were expecting a 3.6% gain. When factoring in gas sales, where prices were higher, SSS rose by 7%, versus the 4.2% estimate.
COST’s international sales were up 11% in August and up 6% in the US.
Costco Wholesale Corporation operates membership warehouses that offer its members low prices on a limited selection of branded and selected private-label products in a range of merchandise categories. It buys the majority of its merchandise directly from manufacturers and route it to a cross-docking consolidation point or directly to its warehouses.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in