Costco Wholesale Corp. shares ticked greater in the extended session Thursday right after the warehouse club documented a increase in getaway product sales from a yr in the past, even as on the internet sales pulled back again.
Costco
Charge,
mentioned December sales rose 7% to $23.8 billion, up from $22.24 billion a 12 months ago.
For the 18 weeks ending Jan. 1, revenue rose 7.6% to $81.16 billion, up from $76.34 billion in the calendar year-ago period.
When identical-shop income grew for each and every period of time, e-commerce revenue declined. Complete company similar-retailer profits rose 5.5% for the thirty day period and 6.1% for the 18 weeks ending Jan. 1., whilst e-commerce revenue declined 6.4% and 4.8%, respectively.
Costco shares rose a lot more than 2% immediately after hours, adhering to a 1.4% decline to close the regular session at $450.19.
Costco Wholesale Corp. shares ticked greater in the extended session Thursday right after the warehouse club documented a increase in getaway product sales from a yr in the past, even as on the internet sales pulled back again.
Costco
Charge,
mentioned December sales rose 7% to $23.8 billion, up from $22.24 billion a 12 months ago.
For the 18 weeks ending Jan. 1, revenue rose 7.6% to $81.16 billion, up from $76.34 billion in the calendar year-ago period.
When identical-shop income grew for each and every period of time, e-commerce revenue declined. Complete company similar-retailer profits rose 5.5% for the thirty day period and 6.1% for the 18 weeks ending Jan. 1., whilst e-commerce revenue declined 6.4% and 4.8%, respectively.
Costco shares rose a lot more than 2% immediately after hours, adhering to a 1.4% decline to close the regular session at $450.19.
