Costco Wholesale Corp

Latest Results (17.12.2024):

Revenue Growth

Costco Wholesale Corp reported a significant increase in net sales for the first quarter of fiscal 2025, reaching $60.99 billion. This marks a 7.5% rise compared to the $56.72 billion recorded in the same period last year. The growth in sales reflects the company's strong performance across various regions and its expanding e-commerce platform.

Comparable Sales

In the first quarter of fiscal 2025, Costco Wholesale Corp's comparable sales saw notable growth. The U.S. market experienced a 5.2% increase, while Canada and other international markets reported 5.8% and 4.7% growth, respectively. When adjusted for gasoline prices and foreign exchange, the total company comparable sales rose by 7.1%.

Net Income and Earnings

Costco Wholesale Corp's net income for the first quarter of fiscal 2025 was $1,798 million, translating to $4.04 per diluted share. This is an improvement from the previous year's net income of $1,589 million, or $3.58 per diluted share. The current quarter's results included a $100 million tax benefit related to stock-based compensation.

Operating Income

For the first quarter of fiscal 2025, Costco Wholesale Corp reported an operating income of $2,196 million, up from $1,984 million in the same quarter last year. This increase in operating income is attributed to higher sales and effective cost management, despite rising merchandise costs and selling, general, and administrative expenses.

Cash and Cash Equivalents

As of November 24, 2024, Costco Wholesale Corp's cash and cash equivalents stood at $10,907 million, an increase from $9,906 million at the beginning of the fiscal year. This growth in cash reserves highlights the company's strong cash flow generation and prudent financial management during the first quarter of fiscal 2025.