Costco January sales gets boost from early Lunar New Year holiday

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Costco Wholesale Corp. COST, +2.68% said late Wednesday its January sales rose 15.5% to $15.76 billion, from $13.64 billion in January 2021. January sales got a boost from an earlier Lunar New Year in 2022. The holiday, celebrated Feb. 1, fell 11 days earlier this year, a shift that “favorably impacted” January sales outside of the U.S. and Canada by about 4% and total sales by about 0.5%, Costco said. Same-store sales rose 14.2% in January and e-commerce comparable sales rose 9%, the retailer said. Shares of Costco were up a fraction in the extended session after ending the regular trading day up 2.7%.

This article was originally published by Marketwatch.com. Read the original article here.

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