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Costco Wholesale Corporation Reports November Sales Results

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Costco (Nasdaq: COST) reported net sales of $23.64 billion for the four weeks ended November 30, 2025, up 8.1% year-over-year. For the twelve-week first quarter ended November 23, 2025, net sales were $65.98 billion, up 8.2% YoY; first‑thirteen‑week net sales were $71.97 billion, up 8.2% YoY.

Comparable sales: Total Company +6.9% (4 weeks), +6.4% (12 and 13 weeks). Regional comps: U.S. +6.0% (4 weeks), Canada +6.9% (4 weeks), Other International +11.4% (4 weeks). Digitally‑enabled sales rose 16.6% (4 weeks) and 20.5% (12 weeks).

Costco operates 921 warehouses globally (633 U.S., 112 Canada, 42 Mexico, others) and provides a pre-recorded investor message accessible at investor.costco.com through Dec 10, 2025.

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Positive

  • November net sales of $23.64 billion (+8.1% YoY)
  • Q1 12‑week net sales of $65.98 billion (+8.2% YoY)
  • 13‑week net sales of $71.97 billion (+8.2% YoY)
  • Digitally‑enabled sales +20.5% (12 weeks)
  • Total company comps +6.4% (12 weeks)

Negative

  • None.

Insights

Costco posted solid top-line growth across monthly and quarterly periods, driven by comps and strong digital sales.

Costco reported net sales of $23.64 billion for the four weeks ended November 30, 2025, up 8.1% year-over-year, and for the first fiscal quarter net sales were $65.98 billion (twelve weeks) and $71.97 billion (thirteen weeks), each up 8.2% year-over-year. Comparable-sales metrics show broad-based increases: U.S. comps rose 5.9% for the quarter and the company-wide comparable sales grew 6.4%. Digitally-enabled sales grew much faster, with 20.5% for the quarter and 19.7% year-to-date, highlighting e-commerce strength.

Key dependencies and risks include the reported exclusion adjustments: comparable results excluding gasoline and FX move some regional rates (Canada and Other International) meaningfully, so currency and fuel price swings could materially affect reported comps. The statement also lists standard forward-looking risks such as macro conditions, exchange rates, and costs, which limit read-through to future performance. Monitor near-term updates the company posts and the pre-recorded message available through December 10, 2025 for management commentary and any guidance changes; check comparable-sales trends and digitally-enabled growth over the next two fiscal quarters for confirmation of momentum.

ISSAQUAH, Wash., Dec. 03, 2025 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $23.64 billion for the retail month of November, the four weeks ended November 30, 2025, an increase of 8.1 percent from $21.87 billion last year.

For the twelve-week first quarter ended November 23, 2025, the Company reported net sales of $65.98 billion, an increase of 8.2 percent from $60.99 billion last year.

Net sales for the first thirteen weeks were $71.97 billion, an increase of 8.2 percent from $66.52 billion last year.

Comparable sales were as follows:

 4 Weeks 12 Weeks 13 Weeks
 Retail Q1 FY’26 YTD
U.S.6.0% 5.9% 5.8%
Canada6.9% 6.5% 6.5%
Other International11.4% 8.8% 9.1%
      
Total Company6.9% 6.4% 6.4%
      
Digitally-Enabled16.6% 20.5% 19.7%
      

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

 4 Weeks 12 Weeks 13 Weeks
 Retail Q1 FY’26 YTD
U.S.5.8% 5.9% 5.8%
Canada8.3% 9.0% 8.8%
Other International8.0% 6.8% 6.9%
      
Total Company6.4% 6.4% 6.3%
      
Digitally-Enabled16.3% 20.5% 19.7%
      

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, December 10, 2025.

Costco currently operates 921 warehouses, including 633 in the United States and Puerto Rico, 112 in Canada, 42 in Mexico, 37 in Japan, 29 in the United Kingdom, 20 in Korea, 15 in Australia, 14 in Taiwan, seven in China, five in Spain, three in France, two in Sweden, and one each in Iceland, and New Zealand. We also operate 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
Josh Dahmen, 425/313-8254
Andrew Yoon, 425/313-6305
  

COST-Sales


FAQ

What were Costco (COST) November 2025 net sales and year‑over‑year change?

Costco reported November net sales of $23.64 billion, an increase of 8.1% versus last year.

How did Costco's comparable sales perform for the 12 weeks ended November 23, 2025 (COST)?

Total company comparable sales rose 6.4% for the 12‑week period.

What growth did digitally‑enabled sales show for Costco (COST) in Q1 FY'26?

Digitally‑enabled sales increased 20.5% for the 12‑week first quarter.

How many warehouses did Costco (COST) operate as of December 3, 2025?

Costco operated 921 warehouses globally, including 633 in the U.S. and Puerto Rico and 112 in Canada.

Where can investors access Costco's additional discussion of November sales (COST)?

A pre‑recorded message is available at investor.costco.com under Events & Presentations through Dec 10, 2025 at 4:00 p.m. PT.

What were Costco's regional comparable sales for the 4 weeks ended Nov 30, 2025 (COST)?

For the 4‑week retail month: U.S. +6.0%, Canada +6.9%, and Other International +11.4%.
Costco Whsl Corp

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ISSAQUAH