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Costco net sales up 10.5% YOY in December 2019

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Costco net sales up 10.5% YOY in December 2019

Costco Wholesale Corp. posted a 10.5% year-over-year increase in net sales for December 2019.

Net sales for the five-week period ended Jan. 5 came in at $17.04 billion, compared to $15.42 billion in December 2018.

Total comparable sales of the warehouse club operator grew 9% year over year, while e-commerce comparable sales rose 43.1%.

Costco's U.S. division reported a 9.4% growth in comparable sales, while its Canadian unit rose 9% in this category. Comparable sales in other international markets were up 7.5%.

In November 2019, the Washington-based company's net sales increased by 6.7% year over year.