investing.com - Costco (NASDAQ:COST) reported a rise in sales in December, underpinned by performance during the holidays.
Shares climbed 0.6% in after-hours trading.
The wholesale club said sales rose 10.5% to .04 billion in the five weeks ended January 5, with same-store sales up 9%.
For the 18 weeks ended January 5, the company reported sales of .99 billion, an increase of 7.5% from .99 billion seen a year earlier.
The climb in sales was driven by Thanksgiving, Black Friday and Cyber Monday promotions occurring a week later this year versus last year, Costco said.
E-commerce sales in December were positively impacted by an estimated 20%, and total and comparable sales were positively impacted by approximately 1%, it added.