Market News / Story
Costco Stocks Edge Lower Although September Sales Jump 13%
GuruFocus ·
GuruFocus reports: Costco Wholesale , the membership-warehouse retailer, reported $30.02 billion in September net sales, up 13% year over year, while shares traded at $941.05, down approximately 0.13% at 10.20am EST on Oct. 8. That move is measured against the $942.25 previous close listed by Stock Analysis. Big sales growth. A muted stock response. The cleaner growth number deserves the spotlight. Costco's sales release put comparable-sales growth at 7.6% after removing gasoline-price and…