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 Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 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.

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

Chipotle

The Nifty Fifty stocks were popular in the early 1970s, but underperformed for the next 10 years due to high valuations. Costco and Chipotle are reminiscent of the Nifty Fifty stocks and even have higher P/E ratios.

Costco and Chipotle Investors Need to Learn This History Lesson

Mastercard

With the first half of 2024 almost over, the stock market has been bullish despite prevailing economic uncertainty. Several equities have shown resilience, surging to new levels.

2 stocks to reach $500 billion market cap in the second half of the year

Costco has posted steadily rising sales and earnings over the years. Unrivaled buying power leads to consistently low prices for its shoppers.

1 Unstoppable Stock That Turned $10,000 Into $86,000 in 10 Years

CNBC's Jim Cramer on Friday told investors it's a good idea to buy Costco even after shares fell after earnings. "So, let it come in, but, as I tell investing club members, remember to buy some if you don't own it already," he said.

Cramer says to buy Costco after the stock's post-earnings dip

Costco beat estimates in its third-quarter earnings report. Operating profit soared 31%.

Why Costco Stock Pulled Back Today

Costco's earnings report showed strong demand for gold bars and silver coins. Here's what you need to know.

Costco Stock Falls Despite Earnings Beat. Here's Why

Gold bars and silver coins continue to show strong sales for Costco. The company sells an estimated $200 million per month of the metals.

Gold bars and silver coins at Costco continue to be top sellers — and a cheat code for boosting its online sales

Costco Wholesale NASDAQ: COST is highly valued because the pullback in price action provides a strategic opportunity to capitalize on it. The reason is evident in the results and in the analysts' increased price targets.

Costco Wholesale Can Hit New Highs; A Rebound Is Coming

Costco's (COST) strategic investments, customer-centric approach, merchandise initiatives and focus on membership growth enable it to gain market share.

Costco's (COST) Q3 Earnings Top, Comparable Sales Rise 6.6%

Learning the tax rules on gold could help avoid costly mistakes.

You Bought Gold at Costco. What Are the Taxes When You Sell It?

Costco Wholesale Corporation (NASDAQ:COST) reported its Q3 results on May 30th, surpassing expectations and marking its fourth consecutive profit beat. The company achieved a GAAP EPS of $3.78, beating estimates by $0.10, and reported revenue of $58.52 billion, which exceeded expectations by $520 million.

Costco crushes Q3, stock at all-time high: Is it a buy?

Discretionary items are back on consumers' shopping lists, Costco said Thursday (May 30) during its quarterly earnings report. During the quarter ended May 12, the retailer saw toys, tires, lawn and garden, and health and beauty aids lead growth in the non-foods category.

Costco: Sales of Discretionary Items Rise as Inflation Levels Off

Costco Wholesale Corporation (NASDAQ:COST ) Q3 2024 Earnings Call Transcript May 30, 2024 5:00 PM ET Company Participants Gary Millerchip - EVP & CFO Ron Vachris - CEO Conference Call Participants Simeon Gutman - Morgan Stanley Michael Lasser - UBS Chuck Grom - Gordon Haskett Scott Ciccarelli - Truist Securities Kelly Bania - BMO Capital Markets John Heinbockel - Guggenheim Securities Peter Benedict - Baird Brandon Cheatham - Citigroup Greg Melich - Evercore ISI Rupesh Parikh - Oppenheimer Christian Carlino - JPMorgan Scott Mushkin - R5 Capital Edward Kelly - Wells Fargo Oliver Chen - TD Cowen Joe Feldman - Telsey Advisory Group Operator Thank you for standing by. My name is Krista, and I will be your conference operator today.

Costco Wholesale Corporation (COST) Q3 2024 Earnings Call Transcript

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Zscaler

Ahead of tomorrow's PCE report, shares in the regular session sold off. Things changed after several companies reported late.

Last Big Afternoon of Q1 Earnings Season

While the top- and bottom-line numbers for Costco (COST) give a sense of how the business performed in the quarter ended May 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Costco (COST) Q3 Earnings

Costco Wholesale's third quarter revenue figures topped analysts' expectations amid strong sales of groceries and discretionary items as cash-strapped consumers searched for deals.

Costco revenue beats estimates as cash-strapped consumers look for deals on groceries, discretionary items

Costco Wholesale (COST) reported fiscal third-quarter earnings after the bell Thursday that surpassed analyst expectations, with sales growing 9% year-over-year, driven by a 20.7% bump in online sales.

Costco Delivers Earnings Beat as Digital Sales Jump 20%

Costco still won't raise its membership fee, saying it's still a matter of when, not if. The wholesale club last raised fees in 2017, and about every five years before that.

Costco says it's not ready to raise its membership fee — for now

Costco Wholesale Corp. reported fiscal third-quarter profit, revenue and same-store sales that all beat Wall Street forecasts, but shares of the membership-based warehouse retailer pulled back from a record high.

Costco beats profit and sales forecasts, but stock pulls back from record highs

Costco Wholesale beat third-quarter revenue expectations on Thursday, as cash-strapped consumers flocked to its warehouses to grab low-priced groceries and discretionary items.

Costco beats quarterly revenue estimates on strong grocery demand

ISSAQUAH, Wash., May 30, 2024 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced its operating results for the third quarter (twelve weeks) and the first 36 weeks of fiscal 2024, ended May 12, 2024.

Costco Wholesale Corporation Reports Third Quarter and Year-to-Date Operating Results for Fiscal 2024

Costco earnings growth should be the best in years. Discount retailers have been faring well in the current economic climate.

Costco Stock In Buy Range With Earnings Due As Value Shopping Ramps Up

UPDATE—May 30, 2024: This article has been updated to reflect more recent analyst estimates and share price information.

What You Need To Know Ahead of Costco's Earnings

Costco (NASDAQ: COST) is scheduled to report its fiscal third-quarter results on Thursday, May 30. We expect Costco stock to trade lower with revenues and earnings likely missing expectations. Costco's stock has rallied 23% since the beginning of this year, outperforming the S&P index which grew 11% during this period.

Up 23% Since Beginning Of This Year, Will Costco's Strong Run Continue Following Q3 Results?

Even with the tough economic environment, Costco's traffic has continued to grow consistently on an annual basis. Analysts believe it's benefiting from its membership model.

News for Costco Stock (COST)