- For the U.S., Costco's October comparable-store sales (ex-gas) increased +6.1%, which was a deceleration from +8.0% in September. The three-year CAGRs were little changed MoM.
- Traffic decelerated to +1.7% (versus +2.6% in September), while ticket (ex-gas) was approximately +4.4% higher (versus +5.4% in September).
- Fresh decelerated to mid-single-digit growth as inflation moderated for the category (compared to high-single-digit growth in the prior months). Food & Sundries grew by a low-double-digit-clip, which is consistent with prior months. Non-foods decelerated to low-single-digit growth (versus roughly mid-single-digit growth in the prior months).
