Revenue segments as reported by the company.

Net Sales

Membership Fees

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

SG&A

Preopening expenses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Costco

"Kirkland Signature" is Costco's private label. It is sold by Costco at their website and warehouses, and is trademarked by the company. The name is derived from the location (from 1987 to 1996) of Costco's corporate headquarters, Kirkland, Washington. Costco introduced Kirkland Signature as its private label in 1992. The idea was to provide brand name quality products at discounted prices. To counteract the consumer confidence problem common in store branding, Kirkland Signature occasionally employs co-branding. According to Costco, while consumers may be wary of same-store-branding, they are less likely to be wary of brands that they are familiar with and trust.

Kirkland Signature

Costco Wholesale Corp. engages in the provision of operation of membership warehouses through wholly owned subsidiaries. It operates through the following geographical segments: United States, Canada, and Other International Operations. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Costco reports mixed Q1 earnings, eyes growth in China

Costco's Q1 earnings reflect a mixed performance, with a decrease in net income and diluted earnings per share, but an increase in net sales and membership fee income. The company faces challenges in certain categories and e-commerce sales, but is focused on driving business in-store and improving digital capabilities. Costco is optimistic about growth opportunities in international markets, particularly in China.

Costco reports robust Q2 earnings, eyes international expansion for growth

Costco's Q2 2023 performance showcased strong financial results, driven by sales growth and membership fee income.
While facing challenges in e-commerce and margin declines, Costco's focus on efficiency and cost management is key.
The company's strengths in sales growth, membership loyalty, and cost advantages position it well for future opportunities.
With plans for international expansion and strategic cost-saving initiatives, Costco aims to sustain growth and competitiveness.

Costco reports solid Q3 earnings, eyes growth in Asia

Costco delivered strong financial performance in Q3 2023, driven by increased net sales and membership fee income.
While facing challenges like declining e-commerce sales and inflation, Costco's focus on quality goods and strategic initiatives positions it well for growth.
Opportunities in digital investments, inventory management, and international expansion offer avenues for future expansion and revenue growth.
Overall, Costco's solid earnings, customer loyalty, and competitive positioning indicate a resilient and promising outlook for the company.

Costco reports robust Q4 earnings, eyes expansion and digital growth

Costco's Q4 2023 performance reflects solid financial results, strong customer retention, and ongoing investments in digital initiatives to enhance the customer experience.
The company's competitive wages, rich benefits, and operational strengths position it well in the market, while challenges like managing inflation and digital advancements require continued focus.
Opportunities for expansion, leveraging profitable segments, and enhancing customer engagement through digital platforms present avenues for future growth and value creation.
Costco's commitment to balancing financial stability, customer satisfaction, and shareholder value underscores its strategic approach to sustainable growth and market leadership.

Costco posts robust Q1 earnings, eyes international expansion for growth

Costco's Q1 fiscal '24 performance reflects strong sales, membership growth, and operational improvements, despite challenges from inflation and operating expenses.
The company's focus on value, trust, and personalized offerings, along with international expansion plans, positions Costco for continued growth and revenue enhancement.
Efforts to drive e-commerce sales, improve membership engagement, and manage operational challenges will be key focus areas for Costco in the coming quarters.
Balancing cost pressures with revenue growth strategies will be crucial for Costco to sustain its financial performance and member loyalty in a competitive retail landscape.

Costco reports robust Q2 earnings, eyes e-commerce expansion and value focus

Costco's Q2 2024 performance reflects strong financial results, driven by sales growth, membership strength, and e-commerce expansion. While facing challenges such as inflation impacts and membership sharing concerns, the company's focus on value and operational efficiency positions it well for future growth. Costco's strategic initiatives in e-commerce, customer acquisition, and product offerings present promising opportunities for continued success.

Costco reports robust Q3 earnings, eyes growth through digital innovation

Costco's Q3 performance reflects strong financial results, high member engagement, and strategic growth initiatives driving profitability.
While facing challenges in certain segments like gas profitability and flat food sales, Costco's focus on digital innovation and member value enhancement positions it well for future growth.
Opportunities in unit growth, curated marketplaces, and operational enhancements present avenues for Costco to sustain its market leadership and drive continued success.

Costco reports strong Q4 earnings, eyes e-commerce growth opportunities

Costco's Q4 2024 performance showcased solid revenue growth, driven by strong net income, sales, and membership fees, despite some challenges in profitability.
The company's strengths lie in high membership renewal rates, core merchandising focus, and improving e-commerce profitability, while facing challenges in deferred fee impacts and interest income decline.
Opportunities for Costco include expanding e-commerce and core sales, leveraging consumer trends, and exploring new markets for sustained growth and diversification.
To maintain growth momentum, Costco must address challenges in cost management, revenue realization, and investment optimization while capitalizing on emerging opportunities.

Costco reports strong Q1 earnings, eyes digital expansion and member value

Costco's Q1 performance reflects solid growth in net income, sales, and membership fees, driven by strong e-commerce and partnership strategies. The company's focus on member value, technology enhancements, and logistics improvements positions it well for future success.
While facing challenges like rising operating expenses and lower online sign-ups, Costco has opportunities to optimize its digital business, drive membership growth, and enhance member experience. Balancing cost pressures with value delivery will be crucial for sustained growth.
Overall, Costco's Q1 earnings call highlights its resilience, adaptability, and commitment to member satisfaction. With a strategic focus on technology, partnerships, and operational efficiency, Costco is poised for continued growth and market leadership.

Revenue

Cost of revenue

Gross profit

Operating expenses

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Costco (COST 0.36%) is one of the best-performing large-cap retail stocks over the past five years. It continued to show why it's one of the top retailers when it once again reported strong results for its fiscal first quarter.

Up More Than 200% in the Past 5 Years, Can Costco Continue Its Momentum in 2025?

I am rating Costco a “sell” with a price target of $832, as its current valuation fully prices in projected FY25 revenue and operating income growth of 10% and 28% YoY, respectively. With the recent 8.3% increase in membership fees, effective as of September, Costco could see a 61% YoY in membership income, assuming minimal churn and a growing mix of Executive members. Costco's expansion plans and e-commerce growth are positive, but uncertain macroeconomic conditions and declining sales per member could hurt profitability.

Costco Q1: Sell The Membership Fee Euphoria

The president-elect has said he plans to slap a 25% levy on all goods entering the US from Mexico and Canada.

Costco executive warns of price hikes because of Trump tariffs: ‘When it rains, it rains on everybody'

Costco (COST) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Costco Wholesale Corporation (COST) Is a Trending Stock: Facts to Know Before Betting on It

Costco has significantly outperformed the S&P 500, rising 35% in nine months, prompting a reassessment of its stock rating from Hold to Buy. Despite a high P/E ratio, Costco's strong retail operations and potential in Retail Media Networks justify a small Buy position. Costco's unique customer loyalty and comprehensive purchase data position it well to challenge Amazon in the RMN space, potentially generating substantial future revenue.

Costco: I Was Wrong, Upgrading To Buy

As of this writing, there are nine different companies that have made it into the illustrious trillion-dollar club. The vast majority of these operate within the technology sector.

Can Costco Become a Trillion-Dollar Stock by 2030?

Costco Wholesale's (COST 0.10%) stock rallied nearly 80% over the past three years as the S&P 500 advanced about 30%. The warehouse retailer outperformed the market as it impressed investors with its consistent growth and resistance to economic headwinds.

Where Will Costco Stock Be in 3 Years?

Microsoft

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Walmart

The end of the year is a perfect time to reflect on your investment journey. Part of that reflection can involve identifying mistakes worth avoiding or portfolio moves to make before the end of the year.

3 Lessons Dividend Stock Investors Can Benefit From in 2025

Costco Wholesale (COST 0.10%) is not only a consumer favorite, but a top choice among the investment community as well. Shares of the warehouse club operator have risen 595% in the past decade.

3 Facts About Costco You Must Know Before Buying the Stock

Apple

AbbVie

Abbott Labs

Accenture Plc

Adobe

Automatic Data Processing

Amgen

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Broadcom

Boeing

Booking Hlds

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Colgate-Palmolive

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Chipotle

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Danaher

Concentrate on a select few high-conviction stocks across different sectors to avoid "diworsification" and maximize returns, inspired by Charlie Munger and Warren Buffett. Utilize Joel Greenblatt's "Magic Formula" and James O'Shaughnessy's methodologies to screen stocks based on earnings yield and return on total capital. Exclude overly regulated sectors like Utilities, Financials, and REITs to focus on sectors with higher growth potential and less regulatory constraints.

Best Way To Invest $100,000: Build An 8-Stock Portfolio For Growth And Value

Costco Wholesale ruffled some feathers earlier this year when it warned that subscription rates were going up for the first time since 2017, but the bulk discounter beat earnings estimates for its fiscal first quarter yesterday.

Costco Unharmed By Subscription Hike As Retailer Beats Street Forecast

The warehouse clubs' fledgling e-commerce business is driving sales of discretionary items.

Costco Stock Climbs After Earnings. Why Analysts Don't Mind Its High Price Tag.

Costco Wholesale Corporation's strong membership fee income growth and 7.1% adjusted comparable sales growth support a “Buy” rating with a fair value of $1,200 per share. The recent membership fee increase will significantly impact future quarters, with membership fee income expected to grow by 14.5% in FY25. E-commerce growth of 13.2% and enhancements to Costco's digital network further bolster the company's robust performance and future outlook.

Costco Q4: Strong Membership Fee Growth Likely Ahead

JP Morgan analyst Christopher Horvers reiterated the Overweight rating on Costco Wholesale Corporation COST with a price forecast of $1,090.

Costco's Unique Retail Model And Solid Growth Stand Out In Challenging Market: Analysts

Costco (NASDAQ: COST) stock is up 52% since the beginning of this year, almost 2x the return of the S&P 500 over the same period. In comparison, Costco's peer Walmart's (NYSE: WMT) stock has swelled about 80% over the same period. So what's happening with Costco stock?

Why Is Costco Stock Up 2x S&P 500 This Year?

Costco stock is slightly higher Friday after the warehouse club beat expectations for its fiscal first quarter. Here's what Wall Street has to say.

Is Costco Stock Still a Buy After Earnings?

Costco Wholesale Corporation's consistent performance continued in fiscal Q1 '25, with revenues up 7.5% and EPS growing 12.8%, beating estimates. Costco's business model continues to outperform, frustrating bears awaiting a valuation dip. However, next quarter may be weaker due to inferior e-commerce positioning and tougher comps, possibly leading to a correction.

Costco: Waiting For A Dip? Next Quarter Is Your Hope

Costco Wholesale Corp., which reported first-quarter results after market close Thursday, is well placed for future share gains, according to analyst firm Jefferies.

Costco, boosted by traffic and digital sales, is well positioned for future gains, says Jefferies

Costco's Q1 EPS beats estimates, sales increase 7.5%, and membership jumps to 77.4M with a 90.4% renewal rate, highlighting strong customer loyalty.

Costco Q1 Earnings Beat Estimates, Comparable Sales Rise 5.2% Y/Y

Costco's stock has surged rapidly, but technical indicators suggest a potential pullback, making the current risk/reward ratio unattractive. Despite strong revenue and membership fee growth, Costco's valuation is excessively high, resembling that of a high-growth tech company. The stock trades at unprecedented multiples, with a PEG ratio far above undervalued growth stocks, indicating overvaluation.

Costco: $1,000 Per Share Has No Basis In Reality

U.S. stock futures advanced on Friday in premarket hours after declining in trade on Thursday. The futures of all four major indices were trading higher.

US Stocks Likely To Open Higher, Investors Eye Fed Policy Meet Next Week: Broadcom, RH, Costco In Focus

Prediction: These Will Be Wall Street's 2 Most-Prominent Stock-Split Stocks of 2025

Costco said it's seeing a boost in meat and produce sales. Costco's finance chief said in the Q1 2025 earnings call that there was a shift toward "food at home.

Costco says it's seeing a shift in how much people eat at home vs. at restaurants

Costco Wholesale Corporation (NASDAQ:COST ) Q1 2025 Earnings Conference Call December 12, 2024 5:00 PM ET Company Participants Gary Millerchip - EVP and CFO Ron Vachris - President and CEO Conference Call Participants Simeon Gutman - Morgan Stanley Oliver Chen - TD Cowen Christopher Horvers - JPMorgan Zhihan Ma - Bernstein Karen Short - Melius Research Edward Kelly - Wells Fargo John Heinbockel - Guggenheim Rupesh Parikh - Oppenheimer Peter Benedict - Baird Greg Melich - Evercore ISI Scott Mushkin - R5 Capital Robbie Ohmes - Bank of America Michael Lasser - UBS Chuck Grom - Gordon Haskett Kelly Bania - BMO Capital Markets Chuck Cerankosky - Northcoast Research Corey Tarlowe - Jefferies Laura Champine - Loop Capital Operator Good afternoon, and thank you for standing by. My name is Abby, and I will be your conference operator today.

Costco Wholesale Corporation (COST) Q1 2025 Earnings Call Transcript

Costco is proving that its digital transformation is more than just a buzzword — it's driving growth. As the company continues to enhance its eCommerce offerings and streamline member experiences, its first-quarter results (Q3 by the calendar) for fiscal 2025 illustrate a combination of solid online performance and in-store success.

News for Costco Stock (COST)