Financial Performance - Net sales for Q1 FY 2025 increased by 7.5% to $60.99 billion from $56.72 billion in the previous year[3] - Net income for the quarter was $1,798 million, or $4.04 per diluted share, compared to $1,589 million, or $3.58 per diluted share, last year[5] - Total revenue for the quarter reached $62.15 billion, up from $57.80 billion year-over-year[11] - Operating income rose to $2,196 million, compared to $1,984 million last year[11] Membership and Fees - Membership fees increased to $1,166 million from $1,082 million in the previous year[11] Sales Growth - Comparable sales growth for the U.S. was 5.2%, while e-commerce sales grew by 13.0%[4] Assets and Liabilities - Cash and cash equivalents at the end of the quarter were $10,907 million, up from $9,906 million at the beginning of the year[13] - Total assets increased to $73,386 million from $69,831 million at the end of the previous quarter[12] - Total liabilities rose to $48,935 million from $46,209 million in the previous quarter[12] Operational Overview - Costco operates 897 warehouses globally, with 617 located in the U.S. and Puerto Rico[6]

ISSAQUAH, Wash., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced its operating results for the first quarter of fiscal 2025 (twelve weeks), ended November 24, 2024. Net sales for the first quarter increased 7.5 percent, to $60.99 billion from $56.72 billion last year. Comparable sales for the first quarter fiscal 2025 were as follows:  12 Weeks 12 Weeks   Adjusted*U.S.5.2% 7.2%Canada5.8% 6.7%Other International4.7% 7.1%    Total Compa ...

Core Viewpoint - Costco has rejected a significant majority of the Teamsters' proposed contract provisions, indicating a potential escalation towards a labor dispute as the contract deadline approaches on January 31 [1][2][3]. Group 1: Contract Negotiations - The Teamsters reported that Costco rejected 98% of their proposed contract provisions, which included key issues such as seniority, paid family leave, and sick time [1]. - The union accused Costco of failing to engage in good-faith negotiations, claiming the company is adopting an aggressive anti-union stance [2][3]. - Negotiations were previously suspended in August due to Costco's refusal to allow nonunion workers to join the Teamsters without facing management threats [5]. Group 2: Union Actions and Allegations - The Teamsters have filed unfair labor charges against Costco for various alleged practices, including expelling union representatives and harassing workers [3]. - The union organized a rally in California to protest against what they describe as unfair labor practices and to demand a more favorable contract [2]. Group 3: Company Reputation and Financial Performance - Costco reported net sales of $78.2 billion in fiscal year 2024, but the union argues that the company has deviated from its pro-worker reputation, prioritizing corporate interests over employee welfare [9]. - The union is demanding that the new contract reflects Costco's substantial profits and holds the company accountable for its claims of being worker-friendly [9].

Costco Wholesale Corporation COST will be reporting its first-quarter earnings on Thursday. Wall Street expects $3.79 in EPS and $62.08 billion in revenues as the company reports after market hours.The stock is up 58.01% over the past year, 53.50% YTD.Let’s look at what the charts indicate for Costco stock and how the stock currently maps against Wall Street estimates.Read Also: Costco Q1 Earnings Preview: Membership Fee Increase In Focus With Shares At All-Time HighsCostco Stock Bullish But Overbought Ahea ...

Shares of Costco Wholesale Corporation (NASDAQ:COST) are 1% higher at $1,003.43 at last glance, and earlier touched an all-time high of $1,007.80. These tailwinds follow a federal judge's decision to block the merger between sector peers Albertsons (ACI) and Kroger (KR), with the former now suing the latter for "billions of dollars" in damages.This positive price action also takes place before the wholesale retail giant enters the earnings confessional, scheduled to post fiscal first-quarter results after t ...

ISSAQUAH, Wash., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $21.87 billion for the retail month of November, the four weeks ended December 1, 2024, an increase of 5.6 percent from $20.71 billion last year. For the twelve-week first quarter ended November 24, 2024, the Company reported net sales of $60.99 billion, an increase of 7.5 percent from $56.72 billion last year. Net sales for the first thirteen weeks were $66. ...

Shares of Costco Wholesale Corporation (COST) hit a 52-week high of $983 yesterday, highlighting investor confidence in the company’s business model and performance. This milestone reflects Costco's ability to thrive in a dynamic retail environment, driven by its unmatched value proposition and growing membership base. However, as the stock reaches new highs, the question looms: Should investors hold on for more gains or lock in profits, given its elevated valuation? Costco closed at $982.15 yesterday, just ...

This popular retailer has returned over 250% over the past five years, more than double the S&P 500.Big-box retailer Costco Wholesale (COST 0.31%) has dazzled Wall Street with a breathtaking 250% total return over the past five years, easily trouncing the S&P 500. The company's famously low prices, wide product selection, and popular meal deals (like its $1.50 hotdog) have created a sticky customer base.It's a simple formula that has built Costco's brand and competitive advantages into a juggernaut. I expec ...

Although the Consumer Staples Select Sector SPDR Fund NYSE: XLP has underperformed the broader market this year, with a modest 14.7% YTD gain, momentum appears to be shifting. While the sector lacks the allure of high-growth areas like technology or artificial intelligence, it remains a favorite for long-term investors due to its defensive nature. From a technical perspective, the XLP ETF recently broke above its 50-day and 5-day converging moving averages, signaling renewed upward momentum. As the sector a ...

Costco Wholesale (COST 1.07%) operates around 900 warehouse-style retail stores around the world. Its fiscal 2024 ended on Sept. 1. And during the fiscal year, it generated a whopping $254 billion in total revenue.This makes Costco one of the largest businesses on the entire planet. Just to put its revenue number into perspective, the company generated as much revenue as Procter & Gamble, Johnson & Johnson, Netflix, and The Coca-Cola Company combined. Really.Costco stocks and sells tons of products. In its ...