Costco December gross sales bounce, prime market estimates; shares leap

ISSAQUAH, WA – Costco Wholesale Company (NASDAQ:COST) has introduced a major enhance in its December gross sales, highlighting a robust efficiency throughout a key vacation interval.

The corporate reported web gross sales of $27.52 billion for the 5 weeks ended January 5, 2025, marking a 9.9 p.c rise from the $25.03 billion recorded within the earlier yr.

The retailer’s efficiency for the primary eighteen weeks of its fiscal yr additionally confirmed optimistic momentum, with web gross sales climbing 8.0 p.c to achieve $94.04 billion, up from $87.07 billion throughout the identical interval final yr.

COST shares rose practically 1% in after-hours Wednesday commerce.

Comparable gross sales, a vital indicator of a retailer’s well being, rose by 7.4 p.c, surpassing the three.7 p.c consensus estimate from Consensus Metrix, which relies on a mean of 10 analyst estimates.

Notably, U.S. comparable gross sales, when excluding the impacts of gas costs and foreign money fluctuations, jumped 9.8 p.c, properly forward of the 5.2 p.c estimate.

E-commerce gross sales have been notably sturdy in December, benefiting from an estimated 15 share level enhance attributed to the timing of Thanksgiving, Black Friday, and Cyber Monday.

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