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Costco Stock Rises on Strong December Sales Despite Broader Market Concerns

Costco Stock Rises on Strong December Sales Despite Broader Market Concerns

Author:

Global Cryptocurrency

Published:

2026-01-08 18:36:02

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BTCCSquare news:

Costco Wholesale shares climbed 5% Thursday, rebounding from a six-month slump after reporting robust December sales growth. The warehouse retailer posted an 8.5% year-over-year revenue increase, with comparable-store sales rising 7%. Strong performances in bakery, meat, and jewelry categories offset broader retail sector weakness.

Investors are reevaluating the stock after its 10% decline since mid-2024. While special dividends and stock splits remain part of the bull thesis, today's rally reflects renewed confidence in fundamental performance. The stock now trades NEAR one-month highs, though still below its early 2025 peak.

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