Costco December Sales Jump 12%

January 2, 2013  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on January 3, 2013

Warehouse retailer Costco Wholesale Corp. (NASDAQ: COST) reported net sales of $11.21 billion for five weeks need Dec. 30, a 12 percent increase compared to $10.05 billion reported in the same period in 2011.

This year's five-week period contained an extra day compared to last year, due to the timing of the New Year's holiday, which positively impacted total and comparable sales by approximately 2 percent.

For the first 17 weeks of its fiscal year ended Dec. 30, the company reported net sales of $34.42 billion, an increase of nine percent from $31.68 billion during the similar period last year.