Costco Wholesale Corporation (COST), the international membership-based warehouse chain headquartered in Washington, announced its December net sales figures, reporting $27.52 billion for the retail month ending on January 5, 2025. This reflects a 9.9% rise from the $25.03 billion recorded during the same period last year.
Over the first eighteen weeks, Costco's net sales amounted to $94.04 billion, showing an 8.0% increase from the previous year's $87.07 billion.
The variations in the calendar timing of Thanksgiving, Black Friday, and Cyber Monday this year significantly bolstered December's e-commerce sales, accounting for an estimated 15 percentage point boost, the company noted.
This adjustment positively influenced both total and comparable sales, enhancing them by roughly 1.5%.
Costco detailed its comparable sales growth for the five and eighteen weeks ending January 5, 2025, as follows: U.S. sales rose by 9.3% over the five weeks and 6.0% across eighteen weeks; Canada experienced growth of 4.3% and 5.3%, respectively; sales in other international markets increased by 1.0% and 4.3%; the total company sales climbed by 7.4% over the five weeks and 5.7% during the eighteen weeks. E-commerce sales demonstrated strong performance, with increases of 34.4% over the five weeks and 17.1% in the eighteen-week span.
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