Costco Wholesale Corporation Reports December Sales Results; Net Sales Of $26.15B For The Retail Month Of December; For The Seventeen Weeks Ended December 31, 2023, The Company Reported Net Sales Of $82.86B
Portfolio Pulse from Benzinga Newsdesk
Costco Wholesale Corporation (NASDAQ:COST) reported a 9.9% increase in net sales for December 2023, totaling $26.15 billion, and a 5.9% increase for the seventeen weeks ended December 31, 2023, with sales of $82.86 billion. Comparable sales also saw increases across various regions, with e-commerce showing significant growth. The fiscal calendar shift negatively impacted sales by up to 1%. An extra shopping day in December contributed approximately 3% to the sales growth.
January 04, 2024 | 9:16 pm
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Costco's December sales surged by 9.9% to $26.15B, and the 17-week period saw a 5.9% increase to $82.86B. E-commerce and international sales experienced robust growth, despite a slight negative impact from the fiscal calendar shift.
The reported increase in sales for Costco is a strong indicator of the company's performance and is likely to be viewed positively by investors. The growth in e-commerce is particularly noteworthy, as it suggests Costco is successfully adapting to the shift towards online shopping. The additional shopping day in December and the overall positive sales figures are likely to contribute to a short-term positive impact on Costco's stock price.
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