Costco stock nears $1,000 after January sales jump and online comps spike 34%
Costco shares rose nearly 2% to $997.17 Thursday after January net sales jumped 9.3% to $21.33 billion, fueled by a 34.4% surge in digitally-enabled comparable sales. The company will report quarterly earnings and February sales on March 5. Some analysts remain cautious, citing weak traffic and possible storm-driven e-commerce gains. Costco operates 924 warehouses worldwide.