Proving once again that it is the champion of big-box retail, Costco Wholesale Corp. (NASDAQ: COST) announced U.S. same-store sales in the important month of December rose 5%. Demonstrating that discounting did not batter its revenue, that figure rose 5% as well to $12.12 million.
Source: Thinkstock
Costco’s success has far exceeded that of Wal-Mart Stores Inc. (NASDAQ: WMT) and Target Corp. (NYSE: TGT). Many observers believe this is become Costco is aimed as customers with higher net income, which might give it a better yield per customer.
For the eighteen weeks ended January 4, 2015, the company reported net sales of $40.85 billion, an increase of 7% from $38.33 billion during the similar period last year.
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
