How did Costco's December sales perform?

Costco reported a total sales increase of 8.5% to $29.86 billion in December.

What is UBS's outlook on Costco stock?

UBS reaffirmed its 'Buy' rating for Costco stock with a $1,205 price target.

What were Costco's comparable sales figures for December?

Costco's core US comparable sales rose by 6.3% in December, reaching a two-year high.

Home / Business and Economy / Costco Stock Soars on Stellar December Sales

Costco Stock Soars on Stellar December Sales

8 Jan

•

Summary

Costco's stock surged over 5% following robust December sales figures.
US comparable sales increased by 6.3%, marking a two-year high.
Multiple analysts maintain positive ratings, citing strong performance.

Costco Stock Soars on Stellar December Sales

Costco's stock price saw a notable increase of over 5% on Thursday, trading at $927.87. This surge followed the release of the company's strong December sales performance. UBS reaffirmed its 'Buy' rating with a $1,205 price target, highlighting investor confidence.

December's core US comparable sales grew by 6.3%, a significant achievement building on last year's gains. On a two-year stacked basis, this growth now exceeds 16%, the highest in nine months. Total sales for the month also rose by 8.5% to $29.86 billion.