$COST Reports a 7% Jump in October Same Store Sales

“(Reuters) – U.S. retailer Costco Wholesale Corp (COST) posted a better-than-expected 7 percent rise in October sales at stores open at least a year, helped by higher gasoline prices and a weak dollar.

Analysts had expected a rise of 6.6 percent, including the impact of fuel prices and foreign exchange, according to Thomson Reuters data.

Excluding the effects of fuel and currency exchange, Costco posted an October same-store sales increase of 5 percent.”

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