Investor Alert

Dec. 2, 2021, 8:22 a.m. EST

Costco saw inflation easing as November sales rose

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Costco Wholesale Corp. (COST)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Levi Sumagaysay

Costco Wholesale Corp. said Wednesday that its November sales rose to $18.13 billion from $15.67 billion last year, up 15.7%, as inflation eased from the month prior.

Costco’s /zigman2/quotes/201191698/composite COST +1.00% same-store sales for the month increased 14.1%, with online sales climbing 12.2%. There was some inflation moderation in November compared to October, a company investor relations representative said on a pre-recorded call. October sales increased 19.2%, Costco reported last month.

For the 12-week first quarter ended Nov. 21, the company’s net sales were $49.42 billion, a 16.7% increase from $42.35 billion last year. For the 13 weeks ended Nov. 28, Costco reported net sales of $54.10 billion, a 16.8% rise from $46.33 billion last year.

Shares of Costco fell about 1% in extended trading after closing at $529.84, down about 1.8%. So far this year, the company’s shares have risen about 40%, as the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.25% has increased 21.6%.

The company is scheduled to release fiscal first-quarter results Dec. 9.

US : U.S.: Nasdaq
$ 503.29
+4.99 +1.00%
Volume: 2.03M
Jan. 27, 2023 4:00p
P/E Ratio
Dividend Yield
Market Cap
$223.32 billion
Rev. per Employee
+10.13 +0.25%
Volume: 0.00
Jan. 27, 2023 5:10p

Get news alerts on Costco Wholesale Corp. — or create your own.
This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.