Company: COST
Filing Date: 2025-12-17
Form Type: 10-Q
Source: 0000909832-25-000169
Chunk: 58

Company: COSTCO WHOLESALE CORP /NEW
Filing Date: 2025-12-17
Form: 10-Q
Item: Item 2
Chunk 58
---
The effective tax rate was 22.5%, compared to 22.0%;

•Net income increased to $2,001, $4.50 per diluted share, compared to $1,798, $4.04 per diluted share; and

•A quarterly cash dividend of $1.30 per share was declared on October 15, 2025, and paid on November 14, 2025.

19

RESULTS OF OPERATIONS

Net Sales12 Weeks EndedNovember 23,2025November 24,2024Net Sales$65,978 $60,985 Increases in net sales:U.S.8 %8 %Canada8 %6 %Other International 12 %7 %Total Company8 %8 %Increases in comparable sales:U.S.6 %5 %Canada7 %6 %Other International9 %5 %Total Company6 %5 %Increases in comparable sales excluding the impact of changes in foreign-currency and gasoline prices:U.S.6 %7 %Canada9 %7 %Other International7 %7 %Total Company6 %7 %

Net sales increased $4,993 or 8% during the first quarter of 2026. The improvement was primarily attributable to an increase in comparable sales of $3,879 or 6%. Comparable sales were positively impacted by increases of approximately 3% in shopping frequency and average ticket. The remaining increase was driven by sales at the 25 net new warehouses opened since the end of the first quarter of 2025.

Digitally-enabled comparable sales increased 21% with and without the impact of changes in foreign-currencies.

Sales increased $3,948 or 8% in core merchandise categories, increasing in all categories. Sales increased $1,045 or 9% in warehouse ancillary and other businesses.

The volume of gasoline sold increased approximately 4%, positively impacting net sales by $234, or 38 basis points. Lower gasoline prices negatively impacted net sales by five basis points.

Changes in foreign-currencies relative to the U.S. dollar attributable to our Other International operations, partially offset by our Canadian operations, positively impacted net sales by six basis points.

Membership Fees12 Weeks EndedNovember 23,2025November 24,2024Membership fees$1,329 $1,166 Total paid members (000s)81,400 77,400 Total cardholders (000