Costco Wholesale Corp. shares ticked higher in the extended session Wednesday after the warehouse club reported rising sales during January, even with a headwind from an earlier Lunar New Year this year.For the 22 weeks ending Jan. 29, sales rose... Costco Wholesale Corp. shares ticked higher in the extended session Wednesday after the warehouse club reported rising sales during January, even with a headwind from an earlier Lunar New Year this year.For the 22 weeks ending Jan. 29, sales rose 7.
While same-store sales rose, e-commerce sales declined. Total company same-store sales rose 5.6% for January and 6% for the 22 weeks ending Jan. 29, while e-commerce sales declined 15.4% and 6.4%, respectively. Costco noted that Lunar New Year occurred on Jan. 22 this year, 10 days earlier than a year ago, and dragged on international sales by 2% and total sales by 0.3%, respectively.
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