Costco Wholesale Corporation Reports January Sales Results

Rhea-AI Summary

Costco Wholesale (COST) reported strong sales performance for January 2025, with net sales reaching $19.51 billion, marking a 9.2% increase from $17.87 billion in the previous year. The company's 22-week net sales grew 8.2% to $113.55 billion.

Total company comparable sales increased 7.5% for the 4-week period and 6.0% for the 22-week period. Notably, e-commerce showed robust growth with comparable sales up 13.6% and 16.6% for the respective periods. When excluding impacts from gasoline prices and foreign exchange, total company comparable sales were even stronger at 9.8% for the 4-week period and 8.1% for the 22 weeks.

The company maintains a strong global presence with 897 warehouses worldwide, including 617 in the United States and Puerto Rico, and operates e-commerce platforms across multiple countries.

Positive

• Net sales increased 9.2% to $19.51 billion in January 2025
• 22-week net sales grew 8.2% to $113.55 billion
• E-commerce sales showed strong growth of 13.6% (4-week) and 16.6% (22-week)
• Core sales growth (excluding gas and forex) was robust at 9.8% (4-week) and 8.1% (22-week)

Negative

• International comparable sales growth was relatively weak at 1.1% for the 4-week period

ISSAQUAH, Wash., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $19.51 billion for the retail month of January, the four weeks ended February 2, 2025, an increase of 9.2 percent from $17.87 billion last year.

Net sales for the first 22 weeks were $113.55 billion, an increase of 8.2 percent from $104.94 billion last year.

Comparable sales for the periods ended February 2, 2025, were as follows:

	4 Weeks		22 Weeks
U.S.	9.2%		6.6%
Canada	5.7%		5.4%
Other International	1.1%		3.7%
Total Company	7.5%		6.0%
E-commerce	13.6%		16.6%

Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were as follows:

	4 Weeks		22 Weeks
U.S.	9.2%		7.8%
Canada	12.3%		8.6%
Other International	10.0%		9.1%
Total Company	9.8%		8.1%
E-commerce	15.2%		17.3%

Additional discussion of these results is available in a pre-recorded message. It can be accessed by visiting investor.costco.com (click on “Events & Presentations”). This message will be available through 4:00 p.m. (PT) on Wednesday, February 12, 2025.
        
Costco currently operates 897 warehouses, including 617 in the United States and Puerto Rico, 109 in Canada, 41 in Mexico, 36 in Japan, 29 in the United Kingdom, 19 in Korea, 15 in Australia, 14 in Taiwan, seven in China, five in Spain, two in France, and one each in Iceland, New Zealand and Sweden. Costco also operates e-commerce sites in the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan and Australia.

Certain statements contained in this document and the pre-recorded message constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions or developments that the Company expects or anticipates may occur in the future. In some cases forward-looking statements can be identified because they contain words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or similar expressions and the negatives of those terms. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates, inflation or deflation, the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels, breaches of security or privacy of member or business information, conditions affecting the acquisition, development, ownership or use of real estate, capital spending, actions of vendors, rising costs associated with employees (generally including health-care costs and wages), workforce interruptions, energy and certain commodities, geopolitical conditions (including tariffs), the ability to maintain effective internal control over financial reporting, regulatory and other impacts related to environmental and social matters, public-health related factors, and other risks identified from time to time in the Company’s public statements and reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company does not undertake to update these statements, except as required by law. Comparable sales and comparable sales excluding impacts from changes in gasoline prices and foreign exchange are intended as supplemental information and are not a substitute for net sales presented in accordance with U.S. GAAP.      

CONTACTS:	Costco Wholesale Corporation
	David Sherwood, 425/313-8239
	Josh Dahmen, 425/313-8254
	Andrew Yoon, 425/313-6305

COST-Sales

FAQ

What was Costco's (COST) total net sales for January 2025?

Costco reported net sales of $19.51 billion for January 2025, representing a 9.2% increase from $17.87 billion in the previous year.

How much did Costco's (COST) e-commerce sales grow in January 2025?

Costco's e-commerce comparable sales increased by 13.6% for the 4-week period and 16.6% for the 22-week period ending February 2, 2025.

What were Costco's (COST) comparable sales excluding gas prices and foreign exchange in January 2025?

Excluding impacts from gasoline prices and foreign exchange, Costco's total company comparable sales were 9.8% for the 4-week period and 8.1% for the 22-week period.

How many warehouses does Costco (COST) operate globally as of January 2025?

Costco operates 897 warehouses globally, with 617 locations in the United States and Puerto Rico, and the remainder spread across various international markets.