Company: COST
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0000909832-25-000033
Chunk: 66

Company: COSTCO WHOLESALE CORP /NEW
Filing Date: 2025-06-05
Form: 10-Q
Item: Item 2
Chunk 66
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 May 16, 2025.

19

RESULTS OF OPERATIONS

Net Sales12 Weeks Ended36 Weeks EndedMay 11,2025May 12,2024May 11,2025May 12,2024Net Sales$61,965 $57,392 $185,480 $171,440 Increases in net sales:U.S.9 %9 %9 %6 %Canada4 %10 %5 %9 %Other International 6 %10 %6 %12 %Total Company8 %9 %8 %7 %Increases in comparable sales(1):U.S.7 %6 %7 %4 %Canada3 %8 %4 %8 %Other International3 %8 %3 %9 %Total Company6 %7 %6 %5 %E-commerce15 %21 %16 %15 %Increases in comparable sales excluding the impact of changes in foreign-currency and gasoline prices(1):U.S.8 %6 %8 %4 %Canada8 %7 %8 %8 %Other International9 %8 %9 %8 %Total Company8 %7 %8 %5 %E-commerce16 %21 %17 %15 %_______________

(1) Comparable sales for the third quarter and first thirty-six weeks of 2024 were calculated using comparable retail weeks.

Net Sales

Net sales increased $4,573 or 8%, and $14,040 or 8% during the third quarter and first thirty-six weeks of 2025. The improvement was primarily attributable to an increase in comparable sales of $3,266 or 6% and $10,309 or 6% during the third quarter and first thirty-six weeks of 2025. The remaining increase was driven by sales at the 29 net new warehouses opened since the end of the third quarter of 2024. Sales increased $4,543 or 10% and $13,662 or 10% in core merchandise categories during the third quarter and first thirty-six weeks of 2025, increasing in all categories. Sales in warehouse ancillary and other businesses were up slightly during the third quarter of 2025, and increased $378 or 1% during the first thirty-six weeks of 2025.

Lower gasoline