Costco's Key Revenue Metric Climbs 4% in January

By FOXBusiness

Costco (NASDAQ:COST) revealed a 7% increase in January sales on Thursday and said revenue for the first half of the year is on track to surpass that of the same period in 2011.

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The Issaquah, Wash.-based operator of membership warehouses said same-store sales, a key growth metric of retailers measuring sales at stores open longer than a year, grew by 4%, with gains recorded both in the U.S. and international markets.

Total sales for the five weeks ended Feb. 3 were $9.35 billion, up from $8.74 billion last year.

For the first 22 weeks of its fiscal year, Costco said sales reached $43.77 billion, a 9% increase from last year. Costco will report second-quarter results on March 12.

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