Costco sales reach $19.51 billion in January

Costco Wholesale Corp. reported net sales of $19.51 billion for the retail month of January, up from $17.87 billion last year.

Net sales for the first 22 weeks of the year came to $113.5 billion, a year-over-year increase of 8.2%.

Comparable sales rose 5.7% in Canada last month, while U.S. sales were up 9.2%. Other international sales increased by 1.1% and e-commerce sales saw a 13.6% increase.

The wholesale club operator will release its second quarter earnings on March 6.