Membership warehouses operator Costco Wholesale Corp. (COST) reported May comparable sales growth of 4% for the total company. Net sales in May totaled $7.67 billion, an increase of seven percent from $7.14 billion in the same period last year.
The company said the deflation in gasoline prices had a slight negative impact on comparable sales for the four-week period, while inflation in gasoline prices had a positive impact for the thirty-nine week period; foreign currencies had a negative impact for both periods. Excluding these effects, total company's comparable sales for the 4-week period went up 6%.
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December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.