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Strong monthly sales data validate demand, especially US momentum and digital growth, which can buoy near-term price and sentiment. The outsized digital growth implies ongoing mix benefits and potential margin support, though macro inputs like FX and gasoline are offsetting factors.
What happened, with direct paths to the underlying reporting
Costco reported October net sales of $24.50 billion, up 12.6% YoY, with nine-week sales at $54.52 billion, +12.8%. Comparable sales rose 11.1% companywide, led by the U.S. at ~12.6%. Excluding gasoline and currency effects, October comps are still +7.3%, underscoring underlying demand and stronger digital-channel performance.
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