Costco's Value Strategy Drives Strong November Sales Momentum

Core Insights - Costco Wholesale Corporation (COST) demonstrated steady comparable sales growth in November, appealing to value-conscious consumers through competitive pricing and quality products [1][5] Sales Performance - For the four weeks ending November 30, 2025, Costco reported a 6.9% year-over-year increase in total comparable sales, with U.S. sales rising 6%, Canada 6.9%, and other international markets 11.4% [2] - Adjusted for gasoline prices and foreign exchange, U.S. comparable sales increased 5.8%, while Canada and other international markets saw gains of 8.3% and 8%, respectively, leading to an overall growth of 6.4% in November [3] - Digitally-enabled comparable sales surged 16.6% in November, reflecting sustained strength in online sales, with net sales for the month rising 8.1% to $23.64 billion from $21.87 billion a year ago [4] Membership and Operational Strength - Costco's membership-based model fosters customer loyalty, supporting consistent sales and stable margins even during economic uncertainty [5] - The company's ability to leverage bulk purchasing and maintain an efficient supply chain allows it to offer competitive pricing in an inflation-sensitive environment [5][7]