Content about Gasoline

October 4, 2012

Costco and TJX beat estimates in September

Costco Wholesale Corp. reported a better-than-expected 6% rise in September same-store sales, helped by higher gasoline prices and a stronger dollar. Excluding the impact of gasoline prices and foreign exchange, comparable September same-store sales rose 5%.

NEW YORK — Costco Wholesale Corp. reported a better-than-expected 6% rise in September same-store sales, helped by higher gasoline prices and a stronger dollar. Excluding the impact of gasoline prices and foreign exchange, comparable September same-store sales rose 5%.

Net sales rose 8% to $9.31 billion in the five weeks ended Sept. 30. Costco, which currently operates 608 warehouses, said it plans to open up to 14 new warehouses prior to the end of calendar year 2012.

March 16, 2012

Consumer sentiment slips as gas prices rise

Though rising gas prices put a damper on consumer sentiment in March, Americans are no longer shocked by $4 gasoline.

NEW YORK — Though rising gas prices put a damper on consumer sentiment in March, Americans are no longer shocked by $4 gasoline.

The Thomson Reuters/University of Michigan's preliminary reading on the overall index on consumer sentiment slipped to 74.3 from 75.3 in February, contrary to economists' forecasts for a gain to 76.0.

Despite this dip, consumers are confident the employment situation will improve.

April 27, 2011

Consumer confidence up despite rising gas prices

Consumer confidence recovered somewhat in April, though the impact of rising gasoline prices is still evident, according to data released Tuesday by the Conference Board.

NEW YORK -- Consumer confidence recovered somewhat in April, though the impact of rising gasoline prices is still evident, according to data released Tuesday by the Conference Board.

The confidence index hit 65.4 in April, from an upwardly revised 63.8 in March. The reading is still below the 72.0 mark of February.

January 20, 2011

Ahold U.S. sales up 6%

Ahold reported that net sales for its U.S. division increased 6% to $5.6 billion for the fourth quarter.

AMSTERDAM, The Netherlands -- Ahold reported that net sales for its U.S. division increased 6% to $5.6 billion for the fourth quarter. Identical-store sales for the quarter increased 1.9%(0.9% excluding gasoline), and comparable sales were up 2.1%.

For the full year the company reported net sales of $23.5 billion increased b y 5.1% when compared to the adjusted full year 2009 sales. Identical sales were up 1.5% (0.4% excluding gasoline).