Costco Reports Strong December Sales and Speculation of Possible Stock Split

The retailer's holiday sales exceeded expectations, with analysts highlighting strong consumer demand and potential for a stock split.

Costco's December net sales reached $27.52 billion, marking a 10% year-over-year increase, driven by strong holiday demand and e-commerce growth of 34%.
Analysts from Oppenheimer and Telsey Advisory Group suggest Costco's high share price could lead to a potential stock split, though the company has not confirmed this possibility.
Costco's U.S. comparable sales rose nearly 10%, with analysts noting the retailer's effective merchandising strategy and appeal to higher-income consumers.
The stock closed at $927.37 on Wednesday, up 41% over the past year, and analysts maintain price targets ranging from $1,047 to $1,100 per share.
Analysts project continued sales growth in January, with core merchandise sales estimated to rise 7% year-over-year, reflecting Costco's resilience in a challenging retail environment.