Costco Wholesale Corporation Reports November Sales Results

Rhea-AI Summary

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.

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.

News Market Reaction

-3.04%

1 alert

-3.04% News Effect

On the day this news was published, COST declined 3.04%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

November net sales: $23.64 billion November net sales YoY: 8.1% Q1 net sales: $65.98 billion +5 more

8 metrics

November net sales $23.64 billion Four weeks ended November 30, 2025

November net sales YoY 8.1% Growth vs. $21.87 billion last year

Q1 net sales $65.98 billion Twelve-week first quarter ended November 23, 2025

Q1 net sales YoY 8.2% Growth vs. $60.99 billion last year

13-week net sales $71.97 billion First thirteen weeks vs. $66.52 billion last year

Total comp sales 6.9% / 6.4% / 6.4% 4 / 12 / 13 weeks reported comparable sales

Digitally-enabled comps 16.6% / 20.5% / 19.7% 4 / 12 / 13 weeks digitally-enabled comparable sales

Warehouse count 921 warehouses Global locations operated as of release

Market Reality Check

Price: $1018.48 Vol: Volume 2,734,878 is sligh...

normal vol

$1018.48 Last Close

Volume Volume 2,734,878 is slightly above the 20-day average of 2,481,774. normal

Technical Price at 884.48 is trading below the 200-day MA of 958.94 and well under the 52-week high of 1,078.235.

Peers on Argus

While COST was down about 1.58%, key peers like DG (+5.09%), DLTR (+4.85%), BJ (...

While COST was down about 1.58%, key peers like DG (+5.09%), DLTR (+4.85%), BJ (+3.15%), TGT (+2.31%), and WMT (+2.1%) traded higher, pointing to a stock-specific reaction rather than a sector-wide move.

Common Catalyst One peer, Dollar Tree (DLTR), also reported quarterly results, suggesting company-specific fundamentals rather than a uniform sector driver.

Historical Context

5 past events · Latest: Dec 04 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 04	Board nomination	Positive	+0.1%	Gina Raimondo nominated to Costco’s Board, adding policy and global expertise.
Dec 03	Monthly sales update	Positive	-3.0%	November net sales up 8.1% with solid comparable and digital growth.
Nov 05	Monthly sales update	Positive	-1.2%	October net sales rose 8.6% and digitally enabled sales advanced strongly.
Oct 15	Dividend declaration	Positive	-3.1%	Quarterly cash dividend of $1.30 per share announced for shareholders.
Oct 08	Monthly sales update	Positive	+3.1%	September sales grew 8.0% with strong international and digital comps.

Pattern Detected

Recent positive operational and capital-return updates have often been met with negative or muted price reactions, indicating a tendency for good news to see selling pressure.

Recent Company History

Over the last few months, Costco has consistently reported mid‑single‑digit to high‑single‑digit sales growth, with strong digitally‑enabled gains and expanding global warehouse count. Events include monthly sales releases in September, October, and November 2025, a quarterly dividend declaration on October 15, 2025, and the nomination of Gina Raimondo to the board on December 4, 2025. Despite generally positive fundamentals, share reactions around several of these announcements were negative, underscoring a mixed price response pattern.

Market Pulse Summary

This announcement highlighted steady growth, with November net sales of $23.64 billion and first‑qua...

Analysis

This announcement highlighted steady growth, with November net sales of $23.64 billion and first‑quarter net sales of $65.98 billion, both up just over 8% year over year, plus mid‑single‑digit comparable sales and strong double‑digit digitally‑enabled growth. Costco also reiterated extensive global warehouse coverage at 921 locations. In evaluating this update, investors may track future monthly sales, digital growth trends, and any shifts in regional comparable performance versus these baselines.

Key Terms

comparable sales, digitally-enabled, forward-looking statements, u.s. gaap

4 terms

comparable sales financial

"Comparable sales were as follows:"

"Comparable sales" are the total sales from stores or products that have been open for a certain period, usually the same time last year or last quarter. They help show whether a business is growing by comparing similar locations or products over time, much like checking if your favorite store's sales are going up compared to previous years.

digitally-enabled technical

"Digitally-Enabled | 16.6% | | 20.5% | | 19.7%"

"Digitally-enabled" refers to products, services, or systems that use digital technology, like computers or smartphones, to work more efficiently or offer new features. It matters because it allows companies to provide faster, more convenient experiences for customers—like shopping online or managing bank accounts from a phone—changing how we do everyday tasks.

forward-looking statements regulatory

"Certain statements contained in this document ... constitute forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

u.s. gaap financial

"not a substitute for net sales presented in accordance with U.S. GAAP."

U.S. GAAP is a set of rules and standards that companies in the United States follow to prepare their financial reports. It helps ensure that financial information is consistent and clear, so investors and others can compare and understand a company's financial health easily.

AI-generated analysis. Not financial advice.

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%
Canada	6.9%		6.5%		6.5%
Other International	11.4%		8.8%		9.1%
Total Company	6.9%		6.4%		6.4%
Digitally-Enabled	16.6%		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%
Canada	8.3%		9.0%		8.8%
Other International	8.0%		6.8%		6.9%
Total Company	6.4%		6.4%		6.3%
Digitally-Enabled	16.3%		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%.