Costco Sales Climb Again in October as Shoppers Keep Spending

Core Insights - Costco Wholesale Corporation (COST) demonstrated consistent comparable sales growth in October, driven by its appeal to value-conscious consumers [1] Sales Performance - For the four weeks ending November 2, 2025, Costco reported a 6.6% year-over-year increase in total comparable sales, with U.S. sales up 6.6%, Canada up 6.3%, and Other International markets up 7.2% [2] - Adjusted for gasoline price fluctuations and foreign exchange, U.S. comparable sales increased by 6.7%, while Canada and Other International markets saw increases of 8.8% and 5.1%, respectively, leading to an overall growth of 6.8% [3] - Digitally-enabled comparable sales surged by 16.6%, reflecting strong performance in Costco's online channel, following gains of 26.1% in September and 18.4% in August [4] Revenue Growth - Costco's net sales for October rose by 8.6% to $21.75 billion, compared to $20.03 billion in the same period last year, following sales improvements of 8% and 8.7% in September and August, respectively [4][7] Membership Model Strength - The strength of Costco's membership-based model, characterized by high renewal rates, fosters customer loyalty, which supports steady sales and stable margins even during economic uncertainty [5]