This post was originally published on this site
Shoppers in a Costco store in Washington, DC, in May.
AFP via Getty Images
Costco Wholesale Corp.’s November sales rose 15.1% to 15.67 billion, the retailer said late Wednesday, a pace that was a bit slower than previous months.
Costco’s COST, -1.04% fiscal first-quarter sales rose 16.9% to $42.35 billion, the company said. Same-store sales for November rose 13.4%, and same-store sales for the quarter increased 15.4%. Online sales rose 71.3% in November and 86.4% in the quarter, the retailer said.
The November revenue jump comes on the heels of a 16% year-on-year sales rise in October, and a 17% increase in September.
Costco shares fell 1.7% in after-hours trading after ending the regular trading day down 1.1%. The stock has gained 30% in the past year, compared with gains around 13% for the S&P 500 index SPX, +0.17%.
