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Membership-only retailer Costco (NASDAQ:COST) reported on Thursday net sales of $26.15 billion for the retail month of December, a rise of 9.9% year-over-year.
Shares of COST rose nearly 1% in extended trading.
Total company comparable sales for December rose 8.5%. Excluding the impact of gasoline prices and foreign exchange, total company comparable sales gained 8.1%.
According to the retailer, December benefited from one additional shopping day due to the timing of New Year’s Day, boosting total and comparable sales by about three percent.
U.S. comparable sales for December rose 7.3%, and 7.4% excluding gasoline prices and foreign exchange.
The retailer’s e-commerce comparable sales for December climbed 17.7%, and 17.4% excluding items.
For the seventeen weeks ended December 31, 2023, the company reported net sales of $82.86 billion, up 5.9%. Net sales for the seventeen weeks suffered about one-half to one percent as a result of the fifty-third week in fiscal year 2023.
