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Dec. 2, 2020, 4:37 p.m. EST

Costco’s November sales rise 15%, slower than previous 2 months

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By Claudia Assis

Costco Wholesale Corp.’s November sales rose 15.1% to 15.67 billion, the retailer said late Wednesday, a pace that was a bit slower than previous months.

Costco’s /zigman2/quotes/201191698/composite COST -0.05% fiscal first-quarter sales rose 16.9% to $42.35 billion, the company said. Same-store sales for November rose 13.4%, and same-store sales for the quarter increased 15.4%. Online sales rose 71.3% in November and 86.4% in the quarter, the retailer said.

The November revenue jump comes on the heels of a 16% year-on-year sales rise in October, and a 17% increase in September.

Costco shares fell 1.7% in after-hours trading after ending the regular trading day down 1.1%. The stock has gained 30% in the past year, compared with gains around 13% for the S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.72% .

/zigman2/quotes/201191698/composite
US : U.S.: Nasdaq
$ 362.16
-0.19 -0.05%
Volume: 2.48M
Jan. 15, 2021 4:00p
P/E Ratio
37.22
Dividend Yield
0.77%
Market Cap
$160.50 billion
Rev. per Employee
$610,846
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/zigman2/quotes/210599714/realtime
US : S&P US
3,768.25
-27.29 -0.72%
Volume: 2.66B
Jan. 15, 2021 4:01p
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