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Costco's November Sales Fall Short, Investors Remain Steadfast

Costco (COST) reported disappointing same store sales totals for November, but investors remain confident about the wholesale retailer's business model, and the stock is rising Thursday despite the sales shortfall.

The retailer reported same store sales of 1%, missing the estimates of 1.3% growth. The November total continued the trend of tepid sales improvements - October results came in up 2% - as the results continue to be buffeted by the strong U.S. dollar, the volatility in fuel prices, and deflation in food...