By Claudia Assis
Costco Wholesale Corp. said its December net sales rose slightly more than 12%, at a slower pace than in previous months.
Costco (COST) shares rose 0.1 % in the extended session Wednesday, after closing 1.5% lower in the trading day.
Costco said late Wednesday that its December net sales reached $19.14 billion, an increase of 12.3% from $17.04 billion in December 2019.
Costco and other retailers have enjoyed pandemic-related sales surges in recent months as shoppers sought to stock up on items.
For the 18 weeks ended Jan. 3, the company reported net sales of $65.47 billion, an increase of 14.9%.
Online comparable-sales rose 62% in December, also a decrease from previous months.
The December numbers come on the heels of a 15.1% sales jump in November and a 16% sales rise in October.
Shares of Costco have gained 27% in the past 12 months, compared with gains around 16% for the S&P 500 index .
-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
January 06, 2021 16:45 ET (21:45 GMT)
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