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Costco’s November sales rise 15%, slower than previous 2 months

Costco's November sales rise 15%, slower than previous 2 months

Shoppers in a Costco store in Washington, DC, in May.


AFP via Getty Images

Costco Wholesale Corp.’s November sales rose 15.1% to 15.67 billion, the retailer said late Wednesday, a pace that was a bit slower than previous months.

Costco’s
COST,
-1.04%
fiscal first-quarter sales rose 16.9% to $42.35 billion, the company said. Same-store sales for November rose 13.4%, and same-store sales for the quarter increased 15.4%. Online sales rose 71.3% in November and 86.4% in the quarter, the retailer said.

The November revenue jump comes on the heels of a 16% year-on-year sales rise in October, and a 17% increase in September.

Costco shares fell 1.7% in after-hours trading after ending the regular trading day down 1.1%. The stock has gained 30% in the past year, compared with gains around 13% for the S&P 500 index
SPX,
+0.17%.

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Erin Clark

Erin is a sports enthusiast who loves indulging in occasional football matches. She is a passionate journalist who flaunts a perfect hold over the English language. She currently caters her skills for the sports and health section of Report Door.

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