Costco Comparable Sales Rose 9% in December Amid Holiday Boost

investing.com – Costco (NASDAQ:) reported a rise in sales in December, underpinned by performance during the holidays.

Shares climbed 0.6% in after-hours trading.

The wholesale club said sales rose 10.5% to $17.04 billion in the five weeks ended January 5, with same-store sales up 9%.

For the 18 weeks ended January 5, the company reported sales of $56.99 billion, an increase of 7.5% from $52.99 billion seen a year earlier.

The climb in sales was driven by Thanksgiving, Black Friday and Cyber Monday promotions occurring a week later this year versus last year, Costco said.

E-commerce sales in December were positively impacted by an estimated 20%, and total and comparable sales were positively impacted by approximately 1%, it added.

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