COST
Posted on: January 8, 2020 at 16:37:44 CT
afleet MU
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High multiple but just keeps performing
Costcos December sales rise 11% to $17 billion
4:25 PM ET 1/8/20 | Marke****ch
Costco Wholesale Corp. (COST) late Wednesday reported sales of $17.04 billion for December, a 10.5% increase over sales of $15.42 billion in the year-ago period. Same-store sales rose 9%, Costco said. The later-than-usual Thanksgiving, Black Friday, and Cyber Monday dates helped the month's total and comparable-store sales by about 1%, the company said. Shares of Costco were flat in the extended session, after ending the regular trading day up 1.2%.