Costco's Sales Stayed Hot in (Most of) November
Costco (NASDAQ: COST) has been one of the biggest pandemic retail winners. The warehouse club operator's sales have surged in 2020, even though it didn't invest in curbside pickup or other omnichannel strategies that would've raised costs.
The strong performance continued into November -- or at least the first three weeks of the month. Nevertheless, Costco stock pulled back modestly after the November sales release, offering a buying opportunity for long-term investors who want to own this high-quality retailer.
Costco generated sales of $15.67 billion last month, up 15.1% from $13.62 billion a year earlier. Comparable sales increased 13.4% year over year, with double-digit gains in all of the company's major regions.
Source Fool.com
