Costco reports double-digit October sales growth

October was a good month for Costco as the wholesaler reported net sales increased 12.6%. The sales growth outpaced the broad retail landscape, according to a Seeking Alpha report.

Industry watchers had projected a robust sales number given the number of consumers seeking low prices on gas and groceries.

Costco operates 943 warehouses, including 651 in the U.S. and Puerto Rico.