Costco Wholesale’s (COST) December sales rose 10%, boosted by year-end holiday shopping.
The Seattle-based grocery retailer reported December sales of $27.52 billion U.S., up 9.9% from a year earlier. In November, Costco’s sales rose 5.6%.
Same-store sales across all of the company’s retail locations increased 7.4% in December from a year ago, while e-commerce sales jumped 34.4% higher.
Costco said that its December sales got a boost from the Thanksgiving, Black Friday, and Cyber Monday sales events that occurred a week later than normal at the end of 2024.
Through the first 18 weeks of its current fiscal year, Costco’s net sales are up 8% from a year ago to $94.04 billion U.S.
Costco reports its sales on a monthly as well as quarterly basis.
The warehouse club added that its U.S. comparable sales, when excluding the impacts of fuel prices and currency fluctuations, jumped 9.8% in December from the previous year.
That result was nearly double the 5.2% growth expected among Wall Street analysts.
E-commerce sales continue to be the driver of Costco’s performance.
The company estimates that its December online sales got a 15-percentage point boost from year-end holiday shopping among consumers.
Costco’s stock has gained 39% in the past 12 months and currently trades at $927.37 U.S. per share.
