$COST (-1.09%) | Costco Q1'25 Earnings Highlights

🔹 EPS: $4.04 (Est. $3.79) 🟢; UP +12.8% YoY

🔹 Revenue: $62.15B (Est. $61.98B) 🟢; UP +7.5% YoY

🔹 Net Income: $1.80B (Est. $1.68B) 🟢; UP +13.2% YoY

🔹 Pre-Tax Profit: $2.31B (Est. $2.25B) 🟢

Comparable Sales Performance (Incl. Gasoline & FX):

🔹 Total Company: +5.2% (Est. +5.66%) 🔴

🔹 U.S.: +5.2% (Est. +5.03%) 🟢

🔹 Canada: +5.8% (Est. +5.65%) 🟢

🔹 International: +4.7% (Est. +6.34%) 🔴

Adj Comparable Sales (Excluding Gasoline & FX):

🔹 Total Company: +7.1% (Est. +6.38%) 🟢

🔹 U.S.: +7.2% (Est. +6.26%) 🟢

🔹 Canada: +6.7% (Est. +5.79%) 🟢

🔹 International: +7.1% (Est. +7.0%) 🟡

Revenue Breakdown:

🔹 Net Sales: $60.99B (Est. $60.85B) 🟢; UP +7.5% YoY

🔹 Membership Fees: $1.17B (Est. $1.17B) 🟡; UP +7.8% YoY

🔹 E-commerce Sales: +13.0% YoY

Profitability & Financial Metrics:

🔹 Operating Income: $2.20B (vs. $1.98B YoY); UP +10.8% YoY

🔹 Gross Margin: 11.2% of Total Revenue

🔹 Operating Income Margin: 3.5%

🔹 Operating Cash Flow: $3.26B

🔹 Cash & Cash Equivalents: $10.91B

🔹 Inventory: $20.98B

Operational Highlights:

🔸 Global Warehouse Count: 897 warehouses:

🔹 U.S. & Puerto Rico: 617

🔹 Canada: 109

🔹 International: 171 (including Mexico, U.K., Japan, Korea, China, and others)

🔸 Strong e-commerce presence in U.S., Canada, U.K., Mexico, Korea, Taiwan, Japan, and Australia.

Business Focus:

🔸 Continued warehouse expansion internationally.

🔸 Significant focus on e-commerce growth with a strong YoY increase of +13.0%.

🔸 Investments in property and equipment totaled $1.26B for Q1.

CEO Commentary:

🔸 "We delivered strong growth in Q1, exceeding estimates across most key metrics, reflecting solid performance in core markets, increasing membership loyalty, and robust e-commerce growth."