Costco reports January sales up 6.9% to $16.84B

Costco reported net sales of $16.84B for the retail month of January, the four weeks ended January 29, an increase of 6.9% from $15.76B last year. Lunar New Year/Chinese New Year occurred on January 22, 10 days earlier this year. The shift negatively impacted January’s Other International and total company sales by approximately 2% and 0.25%, respectively. For the 22 weeks ended January 29, the company reported net sales of $99B, an increase of 7.5% from $92.1B last year.