Costco logs a 4% increase in same-store sales

October was a good month for Costco, which reported growth in same-store and total sales.



The club retailer posted a 4% increase in U.S. same-store sales for October, excluding gasoline price deflation and currency fluctuation. sThe comp increase was 5% for the whole company.



For the month, the company saw $8.78 billion in net sales and $19.53 billion over the four weeks. Though Costco’s U.S. sales saw a slight increase, its Canadian stores saw an 8% decrease in same-store sales for the month and a 9% decline over four weeks.



In addition to its 482 U.S. locations, 90 Canadian locations and 138 global locations, Costco plans to open nine new warehouses before the end of 2015.