Costco Wholesale (NasdaqGS:COST) December 2025 Update Summary Industry and Company Overview - The conference call pertains to Costco Wholesale, a leading retail company known for its membership-based warehouse club model Core Points and Arguments - **Sales Performance**: - Net sales for November reached $23.64 billion, marking an increase of 8.1% from $21.87 billion in the same month last year [2] - Comparable sales for the month were reported as follows: - US: 6.0% - Canada: 6.9% - Other international: 11.4% - Total company: 6.9% - Digitally enabled sales: 16.6% [2] - **Comparable Sales Excluding Gas and FX**: - Total company comparable sales, excluding gas sales and foreign exchange impacts, were 7.0% [3] - Comparable sales excluding gasoline price impacts were: - US: 5.8% - Canada: 8.3% - Other international: 8.0% - Total company: 6.4% - Digitally enabled: 16.3% [2] - **Traffic and Transaction Trends**: - Comp traffic increased by 3.8% worldwide and 3.0% in the US [3] - Average transaction value increased by 3.0%, with a 2.5% increase when excluding gas inflation and foreign exchange impacts [3] - **Regional Performance**: - Strongest comparable sales in the US were observed in the Northeast, Midwest, and Southeast regions [4] - Internationally, Australia, Taiwan, and the UK showed the strongest results [4] - **Merchandising Highlights**: - Foods and sundries experienced positive mid to high single-digit growth, with strong performance in candy, food, and sundries [4] - Fresh foods also saw mid to high single-digit growth, particularly in meat and bakery departments [4] - Non-foods grew in the mid-single digits, with jewelry, tires, and health and beauty performing well [4] - Ancillary business sales increased by high single digits, with pharmacy, food court, and optical being top performers [4] - **Gas Sales**: - Gas sales increased in the low to mid-single digits, driven by an increase in gallons sold year over year [5] Additional Important Information - The call included forward-looking statements that involve risks and uncertainties, which may cause actual results to differ from those projected [1] - The next reporting period will cover five weeks from December 1, 2025, to January 4, 2026 [5]

Grocery cart with Costco Wholesale label full of groceries. Key Points Costco has dealt with numerous headwinds this year, including tariffs and souring consumer sentiment, resulting in a year-to-date gain of just 1.34%. Despite that, Costco has beat on earnings nine of the last 10 quarters.  The company could turn a corner in 2026, supported by strong fundamentals, bullish price targets from analysts, and negligible short interest. Interested in Costco Wholesale Corporation? Here are five stocks we l ...

Over the past decade, these stocks have surged more than 460%.Two of the biggest behemoths in retail are Walmart (WMT +0.96%) and Costco Wholesale (COST 0.57%). They both offer essential day-to-day products, including groceries, and a diverse mix of discretionary items. Their businesses have also been resilient over the years, even as other retailers have struggled due to challenging economic conditions.Over the past five years, both of these stocks have more than doubled in value. But in the process, that ...

美国联邦最高法院正在审理特朗普政府的对等关税的合宪性。各企业发起诉讼的目的是，若最高法院作 出违宪判决，企业可获得已缴纳的关税的返还…… 日本经济新闻（中文版：日经中文网）12月2日获悉，美国零售大企业Costco Wholesale (开市客)、住友化学、理光和丰田通商等日美企业已分别起诉美国政府，要求返还特朗普政府 加征的关税。 截至12月2日，至少有9家日资企业和2家美国企业向位于美国东部纽约、专门处理贸易案件 的美国国际贸易法院提起诉讼。 在美国，联邦最高法院正在审理特朗普政府的对等关税的合宪性。各企业发起诉讼的目的 是，若联邦最高法院作出违宪判决，企业可获得已缴纳的关税的返还。 美国总统特朗普以紧急情况下限制经济交易的《国际紧急经济权力法》（IEEPA）为依据，在 没有得到美国国会批准的情况下，对各国征收了"对等关税"和"芬太尼关税"等额外关税。 联邦法院的下级法院认为，征收关税属于超越总统权限，作出了违宪裁定。最高法院于11月 开始审理，最快可能在年内作出判决。 特朗普政府一直在有关外交和财政的协调中利用关税政策。在最高法院的审理过程中，保守 派法官也接连对特朗普政府的做法提出质疑。如果作出违宪判 ...

It is time now for money power politics. While the world waits to see if the Supreme Court strikes down the president's tariffs, Costco is not taking any chances. The very popular wholesaler is suing the Trump administration to get a full refund of new tariffs it paid so far this year.It is also looking to block any more import duties from being collected until a final decision is made by the nation's highest court. And dozens of other companies, but much smaller ones, have filed similar suits. Costco is th ...

Tonight, another showdown between Costco and President Trump. This time, not over politics, but over money. The retail giant suing the Trump administration for a full refund of the tariffs they've paid on imported goods under Trump's tariff plan.>> My fellow Americans, this is Liberation Day. >> The administration used the International Emergency Economic Powers Act, AIPA for short, to put the tariffs in place. But now, the Supreme Court will decide whether the use of this nearly 50year-old law was unlawful ...

Core Insights - The article compares two consumer staples ETFs: State Street Consumer Staples Select Sector SPDR ETF (XLP) and iShares US Consumer Staples ETF (IYK), highlighting their differences in cost, portfolio composition, and sector exposure [1][2]. Cost and Size - XLP has a lower expense ratio of 0.08% compared to IYK's 0.38%, making it more cost-effective for investors [3][4]. - XLP has a larger Assets Under Management (AUM) of $15.5 billion, while IYK has an AUM of $1.3 billion [3]. - The one-year return for XLP is -5.4%, while IYK's is -3.9%, indicating IYK has outperformed XLP in the short term [3]. Performance and Risk Comparison - Over five years, XLP has a maximum drawdown of -17.8%, while IYK's is -16.3%, suggesting IYK has slightly better risk management [5]. - The growth of $1,000 invested over five years is $1,167 for XLP and $1,239 for IYK, indicating IYK has provided better returns [5]. Portfolio Composition - IYK includes 12% in healthcare and 2% in basic materials, with a total of 55 holdings, while XLP is strictly focused on consumer staples with 100% allocation and 37 holdings [6][7]. - Top holdings for IYK include Procter & Gamble, Coca-Cola, and Philip Morris International, while XLP's largest positions are Walmart, Costco, and Procter & Gamble [6][7]. Investment Considerations - The decision between XLP and IYK may hinge on the trade-off between fees and performance, with XLP being more affordable but IYK potentially offering broader exposure [8][9]. - Investors may prefer IYK if they seek exposure to healthcare and basic materials, despite its higher fees [10][11].

Warehouse retail giant Costco Wholesale has sued the Trump administration as it seeks a refund for the tariffs it has paid as the Supreme Court considers whether they were enacted illegally. https://t.co/oTRtO0xmkt ...

Core Insights - The article compares two consumer staples ETFs, the State Street Consumer Staples Select Sector SPDR ETF (XLP) and the Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS), highlighting their differing approaches to sector exposure and investment strategies [1][2]. Cost and Size - XLP has a significantly lower expense ratio of 0.08% compared to RSPS's 0.40% [3][4]. - As of November 28, 2025, XLP has a one-year return of -4.5%, while RSPS has a return of -6.6% [3]. - XLP has a much larger Assets Under Management (AUM) of $15.5 billion compared to RSPS's $237.2 million [3]. Performance and Risk Comparison - Over the past five years, RSPS experienced a maximum drawdown of -18.61%, while XLP had a drawdown of -16.32% [5]. - An investment of $1,000 in XLP would have grown to $1,186 over five years, while the same investment in RSPS would have decreased to $990 [5]. Portfolio Composition - XLP holds 38 stocks and is heavily weighted towards large companies like Walmart, Costco, and Procter & Gamble, which can dominate its performance [6]. - RSPS also consists of 38 stocks but employs an equal-weighting strategy, giving each holding similar allocation, featuring companies like Monster Beverage, Bunge Global, and Dollar Tree [7]. Market Context - Consumer staples are generally considered defensive stocks, but many have struggled due to inflation and tariff concerns [8][9]. - Both ETFs provide diversification options for investors concerned about concentration in tech stocks within the S&P 500 [9]. - XLP's focus on larger companies has contributed to its better performance compared to RSPS, which may appeal to those interested in small- and medium-cap stocks [10][11].

Costco has sued the U.S. government to ensure it will receive refunds if the Supreme Court rejects President Donald Trump's bid for sweeping authority to impose tariffs. ...