Costco Reports 7% Rise In December Same-Store Sales

Costco Wholesale Corp

reported a 7% rise in its December same-store sales. Costco's total sales surged 9% y/y to $10.05 billion, versus $9.19 billion. However, analysts were expecting same-store sales to rise 7.6%. Costco's shares dropped 0.08% to $84.00 in after-hours trading.