Costco reports sales gains in November as e-comm takes a hit

Costco Wholesale Corp. reported net sales of $21.87 billion for the retail month of November.

That’s an increase of 5.6% from $20.71 billion last year. 

Comparable sales in Canada were up 3.7%, compared to 3.1% for the total company. U.S. sales increased 3.4% and other international sales rose by 1.3%. 

E-commerce sales slid -3.1%.

Costco said e-commerce sales in November were negatively impacted by an estimated 15 percentage points, due to Thanksgiving, Black Friday and Cyber Monday occurring a week later this year versus last.

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Total and comparable sales were negatively impacted by approximately 1%-1.5% as a result of the dip in e-commerce sales.

For the company’s first quarter of 2025, its net sales topped $60.99 billion—up 7.5% from $56.72 billion.

Costco is scheduled to release its full results for the first quarter on Dec. 12.