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Costco posts double-digit sales growth in September amid high gas prices
Seeking Alpha ·
Seeking Alpha reports: Costco Wholesale Corporation reported net sales of $30.0B for the retail month of September, an increase of 13.0% from a year ago. Analysts expected a strong month with some consumers willing to make an extra trip to the retailer for its lower-than-average gas prices. The company said comparable sales for the five-week period that ended October 4 were up 11.4%, including an 12.5% increase in the U.S., a 6.3% rise in Canada, and an 10.8% gain for other international…