Costco September Total Company Comparable Sales Up 6.7%; Comparable Sales Excluding Impacts From Changes In Gasoline Prices And Foreign Exchange Up 8.9%
Portfolio Pulse from Benzinga Newsdesk
Costco reported a 6.7% increase in total company comparable sales for September. Excluding gasoline prices and foreign exchange impacts, the increase was 8.9%.
October 09, 2024 | 8:18 pm
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POSITIVE IMPACT
Costco's September sales performance was strong, with a 6.7% increase in comparable sales. Excluding gasoline and forex impacts, the growth was even higher at 8.9%, indicating robust underlying business performance.
The reported sales growth indicates strong consumer demand and effective business operations. The exclusion of volatile factors like gasoline prices and forex shows a more accurate picture of Costco's performance, which is positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100