Costco’s December sales top $19 billion

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Costco Wholesale Corp. said its December net sales rose slightly more than 12%, at a slower pace than in previous months.

Costco
COST,
-1.52%

shares rose 0.1 % in the extended session Wednesday, after closing 1.5% lower in the trading day.

Costco said late Wednesday that its December net sales reached $19.14 billion, an increase of 12.3% from $17.04 billion in December 2019.

Costco and other retailers have enjoyed pandemic-related sales surges in recent months as shoppers sought to stock up on items.

For the 18 weeks ended Jan. 3, the company reported net sales of $65.47 billion, an increase of 14.9%.

Online comparable-sales rose 62% in December, also a decrease from previous months.

The December numbers come on the heels of a 15.1% sales jump in November and a 16% sales rise in October.

Shares of Costco have gained 27% in the past 12 months, compared with gains around 16% for the S&P 500 index
SPX,
+0.57%
.



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