Shares of Costco are up about 2% so far this year.
Another month, another sales gain for Costco Wholesale Corp.
For the four weeks ending Nov. 2, Costco had sales of $21.75 billion, the membership warehouse retailer said Wednesday. That marked an increase of 8.6%.
Total same-store sales for the month were up 6.6%. Digital sales rose 16.6%.
Costco shares (COST) slipped 0.8% after hours on Wednesday. As of Wednesday’s close, the stock was up about 2% so far this year.
Some analysts have worried that that Costco’s biggest gains might be in the rearview, after price increases over the past several years steered shoppers toward mass retailers.
Costco has logged steady monthly sales gains through this year. But in September, when it reported quarterly results, its same-store sales missed Wall Street’s estimates for the second straight time.
However, the company said initiatives like extra shopping hours for some members, as well as deals through Instacart (CART), were resonating with consumers.
