Skip to main content
Advertising

Originally published January 9, 2014 at 6:16 AM | Page modified January 10, 2014 at 6:33 AM

  • Share:
             
  • Comments (0)
  • Print

Costco key December sales figure beats Street view

Costco's sales at stores open at least a year rose 3 percent in December, beating analysts' estimates during the critical holiday selling season.


Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

ISSAQUAH, Wash. —

Costco's sales at stores open at least a year rose 3 percent in December, beating analysts' estimates during the critical holiday selling season.

Analysts polled by Thomson Reuters expected a 1.8 percent increase.

This figure is a key indicator of a retailer's health because it excludes results from stores recently opened or closed.

The metric climbed 5 percent in the U.S. and edged up 1 percent overseas for the five weeks ended Jan. 5.

Stripping out lower gas prices and foreign currency fluctuations, sales at stores open at least a year increased 5 percent. The figure also increased 5 percent in the U.S. and rose 7 percent abroad.

Total monthly revenue for the Issaquah, Wash., company climbed 6 percent to $11.53 billion.

For the 18-week period, sales at stores open at least a year increased 3 percent. In the U.S. the metric rose 4 percent. It climbed 1 percent internationally.

Removing lower gas prices and foreign currency fluctuations, Costco Wholesale Corp. said that sales at stores open at least a year gained 5 percent. The figure increased 4 percent in the U.S. and climbed 7 percent overseas.

Total revenue rose 6 percent to $36.26 billion.

Last month Costco reported that its fiscal first-quarter net income rose 2 percent as sales improved and the wholesale club operator pulled in more money from membership fees.

Costco currently runs 648 warehouses, including 461 in the U.S. and Puerto Rico, 87 in Canada, 33 in Mexico, 25 in the U.K., 18 in Japan, 10 in Taiwan, nine in Korea and five in Australia.

Costco shares rose $1.83, or 1.6 percent, to $115.88 in early morning trading Thursday.



News where, when and how you want it

Email Icon

Enter to win!

Enter to win!

Share a photo of your holiday lights display and you may win a $100 Home Depot gift card.

Advertising

Advertising


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►