Benzinga | Dec 30, 2021 11:11AM EST

Read What Telsey Advisory Analysts Think Of Costco's December Sales

* Telsey Advisory Group analysts expect Costco Wholesale Corp's (NASDAQ:COST) comparable sales for December 2021 to grow 13.7% versus 10.7% a year earlier.

* Analysts Joseph Feldman, Sarang Vora, and Cristina Fernandez said the average gas price rise of about 50% in December should boost the total comparable sales by approximately 490 basis points.

* Analysts expect the company's December traffic and average ticket to be up 6.0% and 7.7%, respectively.

* The analysts project a 20% increase in digital sales for December, resulting from improved digital marketing and an expanded product assortment.

* The trio added that the combination of increased at-home consumption, partly due to the Omicron variant, combined with inflation should drive growth.

* Price Action: COST shares are trading lower by 0.60% at $564.37 on the last check Thursday.