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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Earnings data Q4 2023

Earnings data Q1 2024

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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

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.

AbbVie

W.W. Grainger

Johnson & Johnson

Coca-Cola

Lowe's

Altria

Realty Income Corp

PepsiCo

Pfizer

Philip Morris

S&P Global

AT&T

Target

Visa

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Home Depot

Costco has been a big winner, but the stock is looking pricey. Home Depot looks poised to gain as interest rates fall.

Billionaires Are Selling Costco. These 2 Retail Stocks Are Better Buys.

Costco COST shares were down following the company's mixed quarterly release where it narrowly missed on the top-line even as it handily beat bottom-line estimates. Other than the modest revenue miss, there is not a whole lot in the report that Costco shareholders can complain about, as the company continues to deliver impressive results in a consumer spending backdrop that many of its peers are finding challenging.

Previewing the Q3 Earnings Season

Micron Technology

EchoStar

Here are some of the major companies whose stocks moved on the week's news.

The Score: Costco, Micron, EchoStar and More Stocks That Defined the Week

The Fed's preferred inflation gauge continues to cool. Markets shift focus to next week's jobs report.

Stock Market Today: Dow Hits New High After Upbeat Inflation Data

Costco's Q4 earnings beat the Zacks Consensus Estimate by 2%, while revenues fall short. Comparable sales rise 5.4% but at a decelerated pace.

Costco Q4 Earnings Beat Estimates Even Though Revenues Miss

Costco CEO Ron Vachris explained the benefits of the company's new membership card scanners in U.S. stores during the retailer's latest earnings call, and said customers see the pluses.

Costco touts success of card scanner rollout; speeds up checkout process

After Costco Wholesale (COST) reported better-than-expected profits but missed sales estimates, executives updated investors about the retailer's first membership fee hike in seven years, its international growth plans, and more in the company's earnings call Thursday.

4 Key Takeaways From Costco's Earnings Call

Things weren't all cupcakes and rainbows in the financial results that Costco Wholesale Corporation (NASDAQ: COST) reported last night. The retail giant came in slightly shy of estimates for revenue, membership fee, and overall comparable sales in its fiscal Q4, leading to a 2.0% decline in its share price on Friday.

Costco stock could have more surprises in store despite its YTD rally

Costco delivered a solid earnings report after the close Thursday, but its revenue missed the mark. The stock is expensive, trading at a price-to-earnings ratio of 53.

Why Costco Stock Was Pulling Back Today

Costco's modest growth does not justify a 50x PE ratio, making it significantly overvalued. Historical averages suggest lower growth and valuation multiples, indicating a potential downside in COST share prices. Costco Wholesale's current high valuations are driven by momentum; a correction is expected as retail investor enthusiasm wanes.

Costco: Too Expensive For My Shopping Cart

Costco stock is lower Friday after the membership warehouse firm reported a top-line miss in its fiscal fourth quarter, but Wall Street remains bullish.

Why Costco Stock Is Still a Buy After a Q4 Revenue Miss

Costco Wholesale Corporation COST shares were down in early trading on Friday, even after the company reported upbeat results for its fiscal fourth quarter.

Costco's Strong Q4 Performance Sparks Mixed Analyst Reactions As Stock Slides

Amazon

ASML Hld

Artificial intelligence technology is certainly among the most disruptive trends in the market for investors to consider.

AI Stock Surge: AMZN, ASML and COST Are Artificial Intelligence Beneficiaries to Own Right Now

U.S. stocks traded higher this morning, with the Dow Jones index rising more than 100 points on Friday.

Dow Surges Over 100 Points; Costco Earnings Top Views

S&P 500 Hits Its 42nd High, Signaling Broad Market Strength With 80% Stocks Above Moving Averages

Inflation Continues To Ease

Costco's current valuation “has become extremely stretched,” says Truist Securities.

Costco's sales are strong, but valuation ‘leaves no room for error,' says analyst

Costco's unique business model, acting as a buyer for its members and passing on savings, drives its success and profitability. High membership renewal rates and upfront fees provide Costco with 0% interest financing, aiding in its expansion and financial stability. In this article, we review Costco's earnings and tackle the issue of valuation.

From Cart To Chart: Costco's Earnings And The $1,000 Question

The company continues to grow net sales at robust rates. A recent boost to its annual membership fee should bolster the company's net income growth.

Costco Stock: Buy, Sell, or Hold?

I reiterate a 'Buy' rating for Costco with a fair value of $980 per share, driven by strong same-store sales and membership growth. COST's traffic and shopping frequencies increased significantly, contributing to a 6.9% same-store sales growth, supported by a 9.6% year-over-year membership increase. The membership fee increase starting September 2024 will significantly boost the Company's operating profits, enhancing their financial outlook for FY25.

Costco Q4: Membership Fee Increase To Take Effect In FY 2025

Costco Wholesale Corporation (NASDAQ:COST ) Q4 2024 Earnings Conference Call September 26, 2024 5:00 PM ET Company Participants Gary Millerchip - EVP & CFO Ron Vachris - CEO Conference Call Participants Simeon Gutman - Morgan Stanley Chris Horvers - JPMorgan Chuck Grom - Gordon Haskett Brandon Cheatham - Citigroup John Heinbockel - Guggenheim Securities Scott Ciccarelli - Truist Securities Rupesh Parikh - Oppenheimer Kelly Bania - BMO Capital Markets Michael Baker - D.A. Davidson Karen Short - Melius Research Greg Melich - Evercore ISI Operator Ladies and gentlemen, thank you for standing by.

Costco Wholesale Corporation (COST) Q4 2024 Earnings Call Transcript

Costco's Q4 FY2024 report showed mixed performance, with a tiny top-line miss and a significant bottom-line beat, driving a slight stock price decline. Despite robust membership renewal rates and higher margins, Costco's valuation remains exorbitant, leaving little margin of safety for investors. Costco's growth rates have slowed, and its stock is overvalued, with a 5-year expected CAGR of -4.14%, making it a tactical "Sell".

Costco Q4: Revenue Miss Overshadows Earnings Beat

U.S. retailer Costco Wholesale is taking a wide variety of steps to prepare for possible strikes next week at U.S. ports on the East Coast and Gulf of Mexico, the company's chief executive said on Thursday.

Costco says doing 'a little bit of everything' to prepare for US port strike

Ex-fuel and foreign exchange costs, Costco saw +6.9% gains year over year, demonstrating the importance of lower gasoline prices to its top line.

S&P Sets New Closing High; COST Mixed in Fiscal Q4

The headline numbers for Costco (COST) give insight into how the company performed in the quarter ended August 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

News for Costco Stock (COST)