Costco reports November net sales of $23.64 billion, an 8.1% increase; Q1 sales reach $65.98 billion, up 8.2%.
Quiver AI Summary
Costco Wholesale Corporation reported net sales of $23.64 billion for November 2025, marking an 8.1% increase from the previous year. For the twelve-week first quarter ending November 23, 2025, net sales reached $65.98 billion, also up by 8.2%. The overall comparable sales growth for the company was 6.9%, with notable increases in both Canada and international operations. Digitally-enabled sales saw significant growth, particularly in the U.S. and Canada. Costco currently operates 921 warehouses worldwide and has e-commerce sites in various countries. The press release also includes cautionary statements about potential risks and uncertainties affecting future performance. Further details can be accessed through a recorded message available until December 10, 2025.
Potential Positives
- Costco reported a significant net sales increase of 8.1% for the retail month of November, reflecting strong consumer demand.
- For the first quarter, net sales reached $65.98 billion, up 8.2% from the previous year, highlighting robust business growth.
- Comparable sales for the quarter were solid, with total company growth of 6.4%, demonstrating consistent performance across various markets.
- Digitally-enabled sales increased by 20.5% over the 12-week period, indicating strong growth in e-commerce and digital platforms.
Potential Negatives
- Although Costco reported an overall net sales increase, the comparable sales growth in the U.S. is only 5.8%, which may indicate that growth is slowing compared to previous periods.
- Forward-looking statements highlight various risks and uncertainties that could affect future performance, broadening concerns about economic conditions and competitive pressures.
- The statement mentions potential issues related to the company's ability to maintain effective internal control over financial reporting, which could signal concerns regarding corporate governance or financial integrity.
FAQ
What are Costco's net sales for November 2025?
Costco reported net sales of $23.64 billion for November 2025, an 8.1% increase from the previous year.
How did Costco perform in the first quarter of FY 2026?
In the first quarter ended November 23, 2025, Costco reported net sales of $65.98 billion, up 8.2% from last year.
What were Costco's comparable sales figures?
For November 2025, comparable sales increased by 6.9% for the total company, with digital sales up 16.6%.
How many warehouses does Costco operate worldwide?
Costco operates 921 warehouses globally, with the majority located in the U.S. and Puerto Rico.
Where can I access Costco's pre-recorded financial results message?
You can access the pre-recorded message on investor.costco.com under "Events & Presentations" until December 10, 2025.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$COST Insider Trading Activity
$COST insiders have traded $COST stock on the open market 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.
Here’s a breakdown of recent trading of $COST stock by insiders over the last 6 months:
- YORAM RUBANENKO (Executive Vice President) sold 4,000 shares for an estimated $3,899,852
- RUSSELL D MILLER (Sr. Executive Vice President) sold 3,381 shares for an estimated $3,093,615
- PATRICK J CALLANS (Executive Vice President) sold 3,000 shares for an estimated $3,008,298
- CLAUDINE ADAMO (Executive Vice President) sold 2,700 shares for an estimated $2,526,336
- WILLIAM RICHARD WILCOX (Executive Vice President) sold 2,400 shares for an estimated $2,232,312
- PIERRE RIEL (Executive Vice President) sold 2,000 shares for an estimated $2,028,294
- CATON FRATES (Executive Vice President) sold 1,540 shares for an estimated $1,401,430
- TIFFANY MARIE BARBRE sold 1,239 shares for an estimated $1,158,352
- TERESA A. JONES (Executive Vice President) sold 600 shares for an estimated $595,230
- SUSAN L DECKER has made 0 purchases and 2 sales selling 547 shares for an estimated $536,058.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$COST Congressional Stock Trading
Members of Congress have traded $COST stock 7 times in the past 6 months. Of those trades, 3 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $COST stock by members of Congress over the last 6 months:
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 10/17.
- SENATOR SHELLEY MOORE CAPITO sold up to $15,000 on 10/17.
- SENATOR JOHN BOOZMAN purchased up to $15,000 on 10/09.
- REPRESENTATIVE VAL T. HOYLE sold up to $15,000 on 09/23.
- REPRESENTATIVE LISA C. MCCLAIN has traded it 3 times. They made 1 purchase worth up to $15,000 on 06/17 and 2 sales worth up to $30,000 on 07/10, 06/09.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$COST Hedge Fund Activity
We have seen 1,788 institutional investors add shares of $COST stock to their portfolio, and 1,833 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 2,922,311 shares (+91.1%) to their portfolio in Q3 2025, for an estimated $2,704,978,730
- KINGSTONE CAPITAL PARTNERS TEXAS, LLC removed 2,358,874 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $2,183,444,540
- FMR LLC removed 1,460,694 shares (-15.5%) from their portfolio in Q3 2025, for an estimated $1,352,062,187
- AMUNDI added 986,182 shares (+45.0%) to their portfolio in Q3 2025, for an estimated $912,839,644
- NUVEEN, LLC removed 953,575 shares (-27.5%) from their portfolio in Q3 2025, for an estimated $882,657,627
- BLACKROCK, INC. removed 801,895 shares (-2.3%) from their portfolio in Q3 2025, for an estimated $742,258,068
- ASSENAGON ASSET MANAGEMENT S.A. removed 758,869 shares (-91.8%) from their portfolio in Q3 2025, for an estimated $702,431,912
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$COST Analyst Ratings
Wall Street analysts have issued reports on $COST in the last several months. We have seen 7 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Telsey Advisory Group issued a "Outperform" rating on 12/01/2025
- JP Morgan issued a "Overweight" rating on 11/06/2025
- Oppenheimer issued a "Outperform" rating on 11/03/2025
- BTIG issued a "Buy" rating on 10/15/2025
- Argus Research issued a "Buy" rating on 09/29/2025
- Bernstein issued a "Outperform" rating on 09/26/2025
- Evercore ISI Group issued a "Outperform" rating on 06/17/2025
To track analyst ratings and price targets for $COST, check out Quiver Quantitative's $COST forecast page.
$COST Price Targets
Multiple analysts have issued price targets for $COST recently. We have seen 11 analysts offer price targets for $COST in the last 6 months, with a median target of $1033.0.
Here are some recent targets:
- Joseph Feldman from Telsey Advisory Group set a target price of $1100.0 on 12/01/2025
- Christopher Horvers from JP Morgan set a target price of $1025.0 on 11/06/2025
- Rupesh Parikh from Oppenheimer set a target price of $1050.0 on 11/03/2025
- Robert Drbul from BTIG set a target price of $1115.0 on 10/15/2025
- David Belinger from Mizuho set a target price of $950.0 on 10/09/2025
- Paul Lejuez from Citigroup set a target price of $990.0 on 09/29/2025
- Christopher Graja from Argus Research set a target price of $1200.0 on 09/29/2025
Full Release
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