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 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

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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

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.

ISSAQUAH, Wash., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $20.14 billion for the retail month of November, the four weeks ended November 26, 2023, an increase of 5.1 percent from $19.17 billion last year.

Costco Wholesale Corporation Reports November Sales Results and the Passing of Long-Time Board Member, Charles Munger

The late billionaire investor Charlie Munger loved Costco, and called himself a "total addict." He served on the company's board of directors, and owned more than 187,000 shares of Costco stock.

Charlie Munger was obsessed with Costco. Here's why the billionaire called himself a 'total addict.

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Costco has a track record of outperforming in recessions and bull markets. CrowdStrike is a leader in an industry that is essential to all companies.

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Amazon

Microsoft

Walmart

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Alaska Air Group

Li Auto Inc.

NVIDIA

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The Nasdaq Composite index has yet to surpass its 2021 high, indicating a bear market. Meanwhile, Apple's dominance in consumer tech products means its stock rarely goes on sale.

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Costco generates close to 60% of its operating profits from membership fees, making member loyalty and growth crucial for earnings growth. The company has historically raised its membership fees every five years, and a potential increase could be a meaningful catalyst for the stock price. A fee increase could lead to a 6.1% year-over-year increase in earnings before tax for FY24, according to estimates.

Costco: Same Membership Fee For More Than Six Years; It Is Time Now

Despite fears of sharp discounts and a weakening American consumer, the third-quarter retail earnings period was not all that bad. Walmart (WMT, Financial) CEO Doug McMillon warned analysts that the back half of October was not as strong as was seen earlier in the quarter, but the SPDR S&P Retail ETF (XRT, Financial), graphed below, notched its best weekly settle since August.

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Fueled by a customer-centric approach, a robust membership program and a commitment to value, Costco's (COST) strategic initiatives are propelling its stock ahead.

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Visa

2023 has been all about inflation, rising interest rates, and slowing consumer spending. While such market ups and downs are a part of life, it looks like we are finally in a better place.

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Netflix

Red Rock Resorts

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Both Costco and Amazon are reporting rebounds in their businesses after a negative impact from inflation. Amazon is growing faster, as it usually does, but its larger business also lends itself to greater volatility.

Better Buy: Amazon vs. Costco

MercadoLibre

SoFi Technologies

SoFi is attracting new clients, and its new array of services is leading to improved profitability. MercadoLibre is the dominant e-commerce player in its markets, and sales growth is accelerating again.

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Costco's comparable monthly sales have been slowing down this year. In the domestic market, Costco's same-store sales growth has often been below 2%.

2 Concerning Trends Costco Investors Should Keep an Eye On

NIKE

Novo Nordisk

What will the next decade bring and how will we be living in the 2030s? It's a question marketing professionals and traders spend a lot of time trying to figure out as they forecast which stocks will define and dominate the next decade for consumers.

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Walmart noted sluggish sales in the second half of October, which sent Costco and other top retail stocks down. There are signs the consumer is more willing to spend than retail sales data indicates.

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McDonald's

Mondelez

Procter & Gamble

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American Eagle Outfitters

Five Below

Target

The Christmas holiday shopping season will unofficially kick off this Friday. Granted, the National Retail Federation (NRF) forecasts only 3% to 4% growth in sales this season, which is lower than the pandemic-led gains retailers enjoyed.

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Costco operates membership-based warehouses and has a successful business model centered around stakeholder satisfaction and operating efficiencies. The majority of the Company's profits come from membership fees, and its moat is self-stoking. While COST stock has an excellent business, its valuation is extreme.

Costco: I Can't Defend A 40x P/E

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Duke Energy

At first glance, the instinct to target safe stocks for a bear market seems a bit too cautious. After all, a CBS News report earlier this year mentioned that the pessimism is finally over.

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Ross Stores

Investors looking for stocks in the Retail - Discount Stores sector might want to consider either Ross Stores (ROST) or Costco (COST). But which of these two stocks offers value investors a better bang for their buck right now?

ROST vs. COST: Which Stock Should Value Investors Buy Now?

Chubb

Granite Construction

Teekay Tankers

Textron

The equity market can be volatile at times. To avoid huge losses, an investor may choose safe bets like TXT, CB, COST, TNK and GVA.

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Investing after the age of 50 is an interesting time. Retirement doesn't seem so far away, but this isn't the time to be thinking too short term.

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Walmart cited softening consumer spending heading into the fourth quarter, spooking competitor stocks. Costco's comparable sales grew a modest 3.4% in October.

Why Costco Stock Was Sliding Today

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Large-cap growth stocks continue to lead the market higher. Yes, technology stocks are the main drivers of the market this year.

News for Costco Stock (COST)