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Costco September Sales Rise 8% as New Digital Metric Jumps 26%

Rapid growth in digitally initiated sales lifted the shares.

Overview

  • Net sales reached $26.58 billion for the five weeks ended Oct. 5, up 8% year over year.
  • Total comparable sales rose 5.7%, or 6.0% when excluding gasoline price changes and foreign exchange.
  • Regional comparable sales: U.S. up 5.1%, Canada up 6.3%, and Other International up 8.5%.
  • Costco replaced its e-commerce measure with a broader “digitally-enabled” metric that captures all orders initiated on a device, including warehouse-fulfilled purchases and Costco Travel, which rose about 26%.
  • The company said last year’s figures were boosted by Hurricane Helene and port-strike buying (~+2% U.S., ~+1.5% worldwide), and the stock gained roughly 1.9% after-hours Wednesday before finishing up about 3% Thursday.