Costco Wholesale Corporation reported strong sales growth for July 2025, with net sales reaching $20.89 billion, an 8.5% increase year-over-year. Comparable sales rose 6.4% year-over-year, or 7.0% when excluding gas and foreign exchange impacts. The company's e-commerce segment showed robust performance, with sales increasing 15.1% year-over-year, or 14.9% excluding gas and FX. International business also contributed positively to the sales momentum. Despite these gains, Costco's shares remained unchanged following the report. Separately, electric vehicle (EV) buyers are reminded that the $7,500 federal tax credit for EV purchases will expire on September 30, 2025. To qualify for the credit, customers must take delivery of their EV by that date. Previous state-level EV rebate programs, such as a $1.5 billion initiative, ended in 2023 and face challenges in revival due to funding and political issues.
The state’s previous $1.5 billion EV rebate program ended in 2023, and a revival now faces funding and political hurdles. https://t.co/nwavLpFQjc
Costco has good news for EV drivers as tax credit runs out https://t.co/hKKsyW20WE
🚨 VERY IMPORTANT: If you are planning to take advantage of the $7,500 tax credit on an EV, you must TAKE DELIVERY by September 30. If the order is submitted before that date and you do not take delivery, you will not be able to take advantage of the credit. https://t.co/kupCHk67Sh