Costco Reports Strong December Sales

December was another solid month at Costco as the warehouse club reported a 7% sales gain for the five-week period ending Jan. 1.

Total sales for the final month of 2022 were $23.8 billion, up from sales of $22.24 billion in the comparable period a year earlier. By segment, comparable stores sales at the company’s U.S. locations were up 6.2%, up 4.7% at Canadian locations and up 2.5% in its International division. E-commerce sales were down 6.4% for December. 

For the 18 weeks ended Jan. 1, the company reported net sales of $82.16 billion, an increase of 7.6% from $76.34 billion in the comparable 18-week period the prior year

Comparable store sales for the 18-week period were an 8.1% increase at U.S. stores, up 3.1% in Canada, and down 1.1% at its international locations.