All articles tagged with #comparable store sales
Starbucks reported a 5% increase in Q4 revenues to $9.6 billion, with global comparable store sales up 1%, marking the first growth in seven quarters, amid ongoing restructuring and strategic initiatives, though profits declined significantly compared to the previous year.
Costco reported a 4.5% increase in comparable store sales in September, with growth seen in its core domestic markets in the U.S. and Canada. Net sales rose to $22.75 billion, a 6% increase from the previous year, while e-commerce sales were up 3.7% during the period.
Costco shares fell over 2% after reporting a drop in comparable store sales in June, attributed to lower gas prices. The retailer's overall revenue increased slightly compared to last year, but e-commerce sales declined. Excluding the impact of gas prices and foreign exchange rates, comparable store sales were up. Despite the drop, Costco shares have performed well this year, with a year-to-date increase of over 15%.