Costco Wholesale Corporation (COST)
NASDAQ: COST · Real-Time Price · USD
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Apr 24, 2026, 2:45 PM EDT - Market open
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Monthly Sales Update January 2026

Feb 4, 2026

Andrew Yoon
Director of Finance and Investor Relations, Costco Wholesale

Hello, I'm Andrew Yoon, Director of Finance and Investor Relations, and I'll review our sales results for the four-week retail month of January, which started on Monday, January 5th, and ended on Sunday, February 1st. This period is compared to the four weeks that began last year on Monday, January 6th, and ended on Sunday, February 2nd. This call 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 today's call and 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 the impacts from changes in gasoline prices and foreign exchange, are intended as supplemental information and are not a substitute for net sales presented in accordance with U.S. GAAP. As presented in our release, net sales for the month came in at $21.33 billion, an increase of 9.3% from $19.51 billion last year. Reported comparable sales for the month were as follows: U.S., 5.8%; Canada, 11.4%; other international, 9.5%; total company, 7.1%; digitally enabled, 34.4%.

Comparable sales for the month, excluding impacts from changes in gasoline prices and foreign exchange were as follows: U.S. 6.8%, Canada 8.2%, other international 2.7%, total company 6.4%, digitally enabled 33.1%. Total company comparable sales for the month, excluding all gas sales and the impact of foreign exchange, was 7.3%. Lunar and Chinese New Years will occur on February 17, 19 days later this year. This shift negatively impacted January other international and total company sales by approximately 4% and 0.5%, respectively. Our comp traffic or frequency for the month was up 2.4% worldwide and 2.2% in the U.S.

Foreign currencies year-over-year relative to the U.S. dollar impacted total and comparable sales as follows: Canada, positively by approximately 4.8%. Other international, positively by approximately 7.6%. And total company, positively by approximately 1.7%. Gas price deflation negatively impacted total reported comp sales by approximately 100 bps. The average worldwide selling price per gallon was down 9.6% versus last year. Worldwide, the average transaction was up 4.6%, which includes the impacts from gas deflation and FX. Excluding gas deflation and FX, average transaction was up 3.9%. In terms of regional and merchandising categories, the general highlights were as follows: U.S. regions with the strongest comparable sales were the Midwest, Southeast, and Texas. Other international and local currencies, we saw the strongest results in Australia, the United Kingdom, and Mexico.

The negative impact of cannibalization was approximately minus 60 bps for the total company. 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 food, candy, and frozen foods. Fresh foods were up mid-single digits. Better performing departments included bakery and meat. Non-foods were positive low double digits. Better performing departments included jewelry, tires, and majors. Ancillary business sales were up low to mid-single digits. Pharmacy, food court, and hearing aids were the top performers. Gas was down mid to high single digits, driven by price per gallon changes year-over-year. Looking ahead, the February reporting period will include the four weeks beginning February 2nd and ending March 1st, 2026, compared to the four weeks beginning February 3rd and ending March 2nd, 2025.

If you have any investor relations questions, please call Josh Dahmen at 425, 3-

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