Consumer Staples
Consumer Staples Retail
Staples retail is Walmart, then Costco, then grocery
Walmart FY2026 net sales $706.4B. Costco FY2025 $269.9B. Kroger $147.6B. Target $104.8B. Costco, Target, and the dollar stores stay on this page.
Comps: Costco and the clubs, then dollar stores, then Target
Costco FY2025 adjusted comps +7.6%. Sam's Club U.S. FY2026 ex-fuel +5.1%. Dollar Tree +5.3%. Walmart U.S. ex-fuel +4.6%. Kroger ID ex-fuel +2.9%. Target comps -2.6%. Home Depot and Lowe's are not on this page.
Walmart U.S. is still two-thirds of Walmart
FY2026 net sales: Walmart U.S. $483.0B (68%), International $130.4B, Sam's Club U.S. $93.0B. Membership and other income is not in these bars.
Costco comps were mid-to-high single digits everywhere
FY2025 adjusted comps (ex gasoline and FX): U.S. +7.3%, Canada +8.3%, Other International +8.2%, e-commerce +16.1%. Unadjusted total-company comps were +5.9%.
Costco's flywheel is membership
FY2025: 81.0 million paid members, 38.7 million executive members, 145.2 million cardholders, 914 warehouses, $5.32B of membership fees. U.S. and Canada renewal 92.3%.
| Metric | FY2025 |
|---|---|
| Paid members | 81.0 million |
| Executive members | 38.7 million |
| Cardholders | 145.2 million |
| Warehouses | 914 |
| Membership fees | $5.323B |
| U.S. and Canada renewal rate | 92.3% |
| Worldwide renewal rate | 89.8% |
Target's largest merchandise line is food
FY2025 merchandise: food and beverage $24.1B, household essentials $18.0B, then hardlines, apparel, and home. Beauty $13.2B. Net sales $104.8B.
Dollar General is 82% consumables
FY2025: Consumables $35.1B, Seasonal $4.3B, Home products $2.2B, Apparel $1.1B. Net sales $42.7B. Same-store sales +3.0%.
Casey's inside the store grew faster than fuel gallons
FY2026 inside same-store sales +4.2%. Prepared food and dispensed beverage +5.2%. Grocery and general merchandise +3.9%. Fuel same-store gallons +1.4%.