Shares in Costco Wholesale Corp nudged 0.6% higher in pre-market trading after it reported strong sales figures in December.
The Seattle, Washington-based membership-only retailer said net sales increased 9.9% to $26.15 billion in the five weeks to December 31 from $23.80 billion a year prior.
For the 17 weeks ended December 31, net sales rose 5.9% to $82.86 billion from $78.26 billion compared to the 17 weeks ended December 25, 2022.
Like-for-like sales in the five weeks to December 31 rose 8.5% year-on-year, with a 7.3% jump in the US and 13% growth in Canada.
Costco said that 2023's retail month of December had an additional shopping day due to the timing of New Year's Day, which benefited total and comparable sales by about 3%.