Fitness financials: December sales surge for Costco, plus Sears, Best Buy
Costco Wholesale reported an 11-percent increase in sales for December, Sears Holding reported a slight uptick in December same-store sales, and Best Buy saw its same-store sales rise sharply in December.
Get access to everything we publish when you sign up for Outside+.
December sales surge for Costco
Costco Wholesale (Nasdaq: COST) reported an 11-percent increase in sales for December on higher gasoline prices and a weaker dollar.
For the five weeks ended Jan. 3, net sales were $8.26 billion, up from $7.41 billion in the same five-week period last year.
Same-store sales for the entire company increased 9 percent. In the U.S., sales at stores open at least a year climbed 5 percent, while overseas sales surged 25 percent for the same period.
Taking out the impact of higher gas prices and the softer dollar, sales at stores open at least a year climbed 4 percent for the month with the U.S. sales figure edging up 2 percent and international results rising 10 percent.
Kmart boosts Sears’ December sales
Sears Holding (Nasdaq: SHLD) reported a slight uptick in December same-store sales boosted by its Kmart subsidiary.
For the period ended Jan. 2, sales at stores open at least a year were up 0.4 percent. Broken out, Kmart’s same-store sales were up 5.3 percent, while Sears Domestic was down 4.3 percent.
Also, Sears said it is predicting a fourth-quarter profit between $385 million and $465 million, $3.36 to $4.06 per share, for the period that will end Jan. 30. For the full year, it anticipates an adjusted profit between $190 million and $270 million, or $1.61 per share to $2.29 per share, excluding one-time items.
Best Buy posts sales gains for December
Best Buy (NYSE: BBY), which now carries fitness equipment in select stores, saw its same-store sales figure rise sharply in December — compared with a plunge a year earlier.
Same-store sales for December rose 8.2 percent, compared with a 6.5-percent drop a year earlier. That includes a 9.3-percent rise domestically and a 3.5-percent increase internationally.
Best Buy’s total sales rose 13 percent to $8.5 billion.
–Compiled by Wendy Geister
For more information about any public company on this page or its financial reports, as well as to view stock prices updated every 15 minutes, visit the SNEWS® Stock Market Updates. Click on: www.outsidebusinessjournal.com/cgi-bin/snews/stock_report.html.