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Costco Sales Rise Ahead of the Holiday Season

A high turnover and volume of purchases have allowed Costco to achieve superior investor returns.
Costco Sales Rise Ahead of the Holiday Season
A Costco store in Richmond, Calif., on July 11, 2024. Justin Sullivan/Getty Images
Panos Mourdoukoutas
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Costco continues to gain popularity among superstore/wholesale club shoppers, as evidenced by strong online and in-store sales in October and rising foot traffic in the third quarter.

On Nov. 6, the Washington-based wholesale club reported net sales of $20.03 billion for the four weeks ended Nov. 3, up 7.2 percent from $18.68 billion in the same period last year. In addition, net sales for the first nine weeks of the year were $44.65 billion, up 8 percent from $41.33 billion last year.
Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”