Club comps advance in October
Costco and BJ’s produced solid same-store sales during October , with Costco up 3% at its U.S. clubs BJ’s advancing 2.2%, excluding favorable effects of gasoline or currency exchange rates.
Total sale as Costco increased 11% to $6.3 billion compared to the prior year period as the company benefitted from consolidating the results of a Mexican joint venture into its results at the beginning of its fiscal year.
Sales at BJ’s advanced 6.3% to nearly $813 million.
If the favorable effects of rising gasoline prices and currency exchange, in Costco’s case, are included in same-store sales, Costco’s U.S. business generated a 4% increase while BJ’s recorded a 3.7% gain.