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Costco Tops Sales Estimates; Target Disappoints
Thursday, November 1, 2:52 PM ET

This morning, big-box retailer Costco (NASDAQ:COST) reported that same store sales rose 7% in October, easily topping analyst estimates of 6.6%. Excluding fuel sales and currency fluctuations, the company saw same store sale rise 5% as net sales reached $7.67 billion for the four weeks ending October 28th.

Also reporting same store sales this morning was Target (NYSE:TGT). The company saw sales climb 2.4% in October, short of the 3.3% increase analyst had been expecting. Total revenue came in at $4.98 billion, as food and health and beauty sales led the way.

Shares of Costco were slightly lower this morning, while Target was off more than 1%.

For MarketNewsVideo.com, I'm Sayoko Murase.

Costco Tops Sales Estimates; Target Disappoints picture
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