By Claudia Assis
Costco Wholesale Corp.'s November sales rose 15.1% to 15.67 billion, the retailer said late Wednesday, a pace that was a bit slower than previous months.
Costco's (COST) fiscal first-quarter sales rose 16.9% to $42.35 billion, the company said. Same-store sales for November rose 13.4%, and same-store sales for the quarter increased 15.4%. Online sales rose 71.3% in November and 86.4% in the quarter, the retailer said.
The November revenue jump comes on the heels of a 16% year-on-year sales rise in October, and a 17% increase in September.
Costco shares fell 1.7% in after-hours trading after ending the regular trading day down 1.1%. The stock has gained 30% in the past year, compared with gains around 13% for the S&P 500 index .
-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
December 02, 2020 16:37 ET (21:37 GMT)
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