Costco Oct. key revenue metric beats Street's view

Costco Oct. key revenue metric beats Street's view
In this Tuesday, March 5, 2013, photo, shoppers push their carts at the Costco store in Nashua, N.H. (AP Photo/Charles Krupa)
ISSAQUAH, Wash. (AP) — Costco's sales at stores open at least a year rose 3 percent in October, beating Wall Street's expectations.

Analysts surveyed by Thomson Reuters predicted a 2.6 percent increase for the wholesale club operator.

This figure is a key gauge of a retailer's health because it excludes results from locations recently opened or closed.

In the U.S., the metric climbed 4 percent. It rose 3 percent overseas.

Excluding the impact of lower gas prices and foreign currency fluctuation, sales at stores open at least a year increased 6 percent. It climbed 5 percent in the U.S. and rose 7 percent internationally.

Costco Wholesale Corp., which is based in Issaquah, Wash., said Thursday that total revenue for the four weeks ended Nov. 3 climbed 6 percent to $8.15 billion.