Costco(US:COST)2025-11-05 22:00Costco Wholesale (NasdaqGS:COST) 2025 Update Summary Industry Overview - The conference call pertains to the retail industry, specifically focusing on Costco Wholesale's performance during the month of October 2025. Key Financial Metrics - Net Sales: Reported net sales for October 2025 were $21.75 billion, representing an increase of 8.6% from $20.03 billion in October 2024 [2] - Comparable Sales: - Total company comparable sales increased by 6.6% - US comparable sales increased by 6.6% - Canada comparable sales increased by 6.3% - Other international comparable sales increased by 7.2% - Digitally enabled sales increased by 16.6% [2][3] Sales Performance Analysis - Excluding Gas and FX: - Comparable sales excluding the impacts from gasoline prices and foreign exchange were as follows: - US: 6.7% - Canada: 8.8% - Other International: 5.1% - Total Company: 6.8% - Digitally enabled: 16.7% [3] - Traffic Growth: Comp traffic increased by 3.6% worldwide and 3.7% in the US [3] Regional Performance - Strongest Regions: The Midwest, Southeast, and Northeast regions in the US showed the strongest comparable sales [4] - International Performance: Australia, Taiwan, and Japan reported the best results among other international markets [4] Product Category Highlights - Food and Sundries: Positive mid to high single-digit growth, with strong performance in candy, food, and cooler categories [5] - Fresh Foods: Increased mid to high single digits, particularly in meat and bakery departments [6] - Non-Foods: Positive mid single-digit growth, with jewelry, health and beauty, and majors performing well [6] - Ancillary Businesses: Sales were up mid to high single digits, with pharmacy, food court, and hearing aids being top performers [6][7] Other Notable Information - Gas Prices: The average worldwide selling price per gallon decreased by 2% compared to last year, impacting overall sales [4] - Cannibalization Impact: The negative impact of cannibalization was approximately 60 basis points for the total company [5] - Future Reporting Period: The next reporting period will cover the four weeks from November 3 to November 30, 2025 [7]