Costco Wholesale Corp. shares ticked larger within the prolonged session Thursday after the warehouse membership reported an increase in vacation gross sales from a yr in the past, at the same time as on-line gross sales pulled again.
Costco
COST,
mentioned December gross sales rose 7% to $23.8 billion, up from $22.24 billion a yr in the past.
For the 18 weeks ending Jan. 1, gross sales rose 7.6% to $81.16 billion, up from $76.34 billion within the year-ago interval.
Whereas same-store gross sales grew for every interval, e-commerce gross sales declined. Complete firm same-store gross sales rose 5.5% for the month and 6.1% for the 18 weeks ending Jan. 1., whereas e-commerce gross sales declined 6.4% and 4.8%, respectively.
Costco shares rose greater than 2% after hours, following a 1.4% decline to shut the common session at $450.19.
