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Costco tops estimates in December
Issaquah, Wash. - Costco Wholesale Club’s same-store sales rose 3% in December, beating analysts' estimates of a 1.8% gain. The metric climbed 5% in the U.S. and inched up 1% overseas for the five weeks ended Jan. 5.
Total monthly revenue increased 6% to $11.53 billion.
For the 18-week period, same-store sales were up 3%. In the U.S. the metric rose 4% and 1% internationally. -
Supervalu to rebrand retail banners
Supervalu reported net earnings of $31 million during the third quarter of fiscal 2014, almost double the net earnings of $16 million reported in the same quarter of the prior fiscal year. This dramatic increase came even as net sales slipped 1% to $4.1 billion from $4.5 billion.