Costco Wholesale (NASDAQ:COST): August same-store sales for the retailer saw a rise of 4 percent, besting analyst expectations of a 3.8 percent increase. Though international same-store sales rose 2 percent, if the impact of gas prices and foreign exchange rates is excluded, the gain is closer to 8 percent. Net sales for the month were $7.95 billion, up 7 percent over last year.
PepsiCo Inc. (NYSE:PEP): The launch of the NFL season in Denver on Thursday night will also see the start of a large marketing push by Pepsi, which will feature all of its Pepsi drink varieties — Pepsi, Diet Pepsi, Pepsi Max, and Pepsi Next — in NFL advertising this season, instead of focusing on one or two brands. The company will also be featuring all 32 teams on point-of-sale materials.
Green Mountain Coffee Roasters (NASDAQ:GMCR): The market is responding to Green Mountain’s Wednesday announcement that the Keurig brand is partnering with Campbell’s Soup to provide K-Cup soup cartridges for the devices. Lazard Capital thinks the partnership will help drive up customer attachment rates and promote growth. Seeking Alpha contributor Chris Katje agrees, adding that future food product announcements give shares more upside potential.
Petroleo Brasileiro S.A. (NYSE:PBR): Brazil’s government confirmed this week that it will hold an auction on October 21 to sell the huge Libra offshore oil field, which is said to hold 8 billion to 12 billion barrels of recoverable crude oil. Large oil companies with an interest in the stake would likely have to pair up with PetroBras, which has been struggling as of late; the sale should give a healthy boost to the domestic oil entity.
Walgreens (NYSE:WAG): Walgreens reported that August sales rose 5.6 percent year-over-year to $6.17 billion as comparable store sales rose 4.8 percent during the month, with strong prescription sales and a higher average basket size. By the end of the month, the Walgreens Balance Rewards loyalty program had 83 million customers.
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