Costco Wholesale Corporation (Analyst Report), one of the main U.S. warehouse club operator, recently posted a healthy sales data for a period of four weeks ending November 27, 2011.
The company has been able to maintain sales momentum. After a 9% increase in October 2011, Costco
For thirteen Week period ending November 27, 2011, the company registered growth in comparable store sales 10%, with the United States and international sales also increased by 10%.
Including the effects of higher gasoline prices and foreign currency fluctuations, Costco
Total net sales for November jumped 11% to $ 7.51 billion from $ 6.78 billion in the same month last year. For thirteen weeks, sales increased by 12% to $ 23.13 billion from $ 20.59 billion over the same period last year.