Costco Wholesale Monthly Sales Update October 2026

Hello. I'm Andrew Yoon, AVP of Finance and Investor Relations, and I'll review our sales results for the four-week retail month of October, which started on Monday, October 5th, and ended on Sunday, November 1st. This period is compared to the four weeks that began last year on Monday, October 6th, and ended on Sunday, November 2nd. This recording will include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that may cause actual events, results, and/or performance to differ materially from those indicated by such statements. The risks and uncertainties include, but are not limited to, those outlined in this recording and today's sales release, as well as other risks identified from time to time in the company's public statements and reports filed with the SEC.

Forward-looking statements speak only as the date they are made, and the company does not undertake to update them, except as required by law. Comparable sales and comparable sales, excluding all gasoline sales and the impact of foreign exchange, are intended as supplemental information and are not a substitute for net sales presented in accordance with US GAAP. As reported in our release, net sales for the month came in at $24.5 billion, an increase of 12.6% from $21.75 billion last year. Reported comparable sales for the month were as follows: U.S., 12.6%; Canada, 4.9%; other international, 9.4%; total company, 11.1%. Comparable sales for the month, excluding the impacts from changes in gasoline prices and foreign exchange, were as follows: U.S., 8.1%; Canada, 3.5%; other international, 6.9%; total company, 7.3%.

Digitally enabled sales, which are sales initiated through a digital device, whether fulfilled through a warehouse, distribution center, or Costco Travel, increased year-over-year as follows: reported, 22.5%; excluding FX, 22.6%. Total company comparable sales for the month, excluding all gas sales and the impact of foreign exchange, were approximately 7.3%. Our comp traffic or frequency for the month was up 4.1% worldwide and 3.8% in the U.S. Foreign currencies year-over-year relative to the US dollar impacted total and comparable sales as follows: Canada negatively by approximately 1%, other international positively by approximately 0.3%, and total company negatively by approximately 0.1%. Gas price inflation positively impacted total reported comp sales by approximately 3.9%. The average worldwide selling price per gallon was up 35.5% versus last year. Worldwide, the average transaction was up 6.8%, which includes the impacts from gas inflation and FX.

Excluding gas inflation and FX, average transaction was up 3.1%. In terms of regional and merchandising categories, the general highlights were as follows: U.S. regions with the strongest comparable sales were San Diego, Los Angeles, and the Midwest. Other international and local currencies, we saw the strongest results in Spain, China, and Korea. The negative impact of cannibalization was approximately 60 basis points. Moving to merchandising highlights, the following comparable sales results by category for the month exclude the impact of foreign exchange. Foods and sundries were positive mid-single digits. Better-performing departments included sundries, food, and frozen food. Fresh foods were up mid to high single digits. Better-performing departments included meat and bakery. Non-foods were positive high single digits. Better-performing departments included gift cards, sporting goods, and housewares. Ancillary business sales were up low to mid-30s. Gas, pharmacy, and hearing aid were the top performers.

Gas was up mid-40s, driven by price per gallon changes year-over-year and high single-digit comparable gallon growth. Looking ahead, the November reporting period will include the four weeks beginning November 2nd and ending November 29th, 2026, compared to the four weeks beginning November 3rd and ending November 30th, 2025. If you have any investor relations questions, please call Josh Dahmen at 425-313-8254, Bryan Starnes at 425-427-7403, or me at 425-313-6305. This recording will be available until 4:00 P.M. Pacific Time, Wednesday, November 11th.