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Costco December Same-Store Sales Rose 1%


(COST) - Get Costco Wholesale Corporation Report

said December same-store sales rose 1%, good enough to beat Wall Street's estimates, while overall sales rose 6% from last year's total.

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According to data from

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First Call/Thomson Financial

, analysts expected Costco's comparable sales to increase 0.6%. Net sales in December rose to $4 billion from $3.77 billion in December 1999. Costco, which is based in Issaquah, Wash., noted that this year's December period contained 34 days, one more than in the same month a year ago.

Shares of the warehouse-operating bulk retailer gained $1.44, or 3.4%, to $44.13 in recent