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Costco December Comps Up 7%

For the retail month of December, the five weeks ended January 6, Costco Wholesale Corp. reported a 7.8% sales increase to $15.42 billion.

Comparable sales, excluding the effect of gasoline price and foreign exchange rate volatility as well as a previously disclosed accounting change, were up 7.1% in the U.S., 8.1% in Canada and 5.7% in other international locations, for a company total of 7% versus the year-earlier fiscal December period. E-commerce comparable sales gained 23.9% in the month year over year.

Costco operates 768 warehouse clubs, including 533 in the U.S. and Puerto Rico, 100 in Canada, 39 in Mexico, 28 in the United Kingdom, 26 in Japan, 15 in Korea, 13 in Taiwan, 10 in Australia, two in Spain, and one each in Iceland and France. Costco also operates e-commerce websites in the U.S., Canada, the United Kingdom, Mexico, Korea, and Taiwan.