Costco reports 8.5% sales growth for July as e-commerce surges

ISSAQUAH, Wash. - Costco Wholesale Corporation (NASDAQ:COST), a prominent player in the Consumer Staples sector with a market capitalization of $430 billion, reported net sales of $20.89 billion for July 2025, an 8.5% increase from $19.26 billion in the same period last year, according to a company statement released Wednesday. According to InvestingPro analysis, the stock is currently trading above its Fair Value.

The warehouse retailer’s total comparable sales rose 6.4% for the four-week period ended August 3. When excluding the impacts of gasoline prices and foreign exchange fluctuations, comparable sales increased by 7.0%. The company maintains strong financial health with an InvestingPro Overall Score of 2.88 (GOOD), supported by robust cash flows and consistent dividend payments for 22 consecutive years.

E-commerce sales showed particularly strong performance, jumping 15.1% for the month and 15.3% for the 48-week period. Adjusted for foreign exchange impacts, e-commerce sales grew 14.9% for the month.

By region, Costco’s international markets posted the strongest comparable sales growth at 9.5%, followed by Canada at 7.6% and the U.S. at 5.5%. When adjusted for gasoline and currency effects, Canada led with 9.1% growth, followed by international markets at 7.5% and the U.S. at 6.5%.

For the first 48 weeks of its fiscal year, Costco reported net sales of $248.35 billion, representing an 8.1% increase from $229.81 billion in the previous year.

The company currently operates 910 warehouses globally, with 626 locations in the United States and Puerto Rico. The remaining warehouses span 13 other countries, including 110 in Canada, 41 in Mexico, and 37 in Japan.

The sales figures were released as part of Costco’s regular monthly sales reporting process. For deeper insights into Costco’s performance metrics and growth potential, InvestingPro subscribers can access a comprehensive Pro Research Report, offering expert analysis of the company’s financial health, valuation, and future prospects.

In other recent news, Costco Wholesale reported June 2025 monthly sales of $26.4 billion, marking an 8.0% increase year-over-year. This growth was supported by a 5.8% rise in comparable sales and the addition of 25 new warehouses. Costco’s Board of Directors has declared a quarterly dividend of $1.30 per share, payable on August 15, 2025. Analysts have been divided on their ratings for Costco, with Erste Group downgrading the stock from Buy to Hold, citing concerns over valuation. Conversely, Bernstein reiterated an Outperform rating, praising the strength of Costco’s Kirkland brand and its earnings growth potential. Truist Securities maintained a Hold rating, noting comparable sales growth of 5.5% in the U.S. for June, consistent with May’s performance. William Blair also reiterated its Outperform rating, highlighting the sales rebound driven by foreign exchange tailwinds. These developments reflect a mix of positive growth indicators and valuation concerns among analysts.

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