investing.com – Costco (NASDAQ:) reported a rise in sales in December, underpinned by performance during the holidays.
Shares climbed 0.6% in after-hours trading.
The wholesale club said sales rose 10.5% to $17.04 billion in the five weeks ended January 5, with same-store sales up 9%.
For the 18 weeks ended January 5, the company reported sales of $56.99 billion, an increase of 7.5% from $52.99 billion seen a year earlier.
The climb in sales was driven by Thanksgiving, Black Friday and Cyber Monday promotions occurring a week later this year versus last year, Costco said.
E-commerce sales in December were positively impacted by an estimated 20%, and total and comparable sales were positively impacted by approximately 1%, it added.
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