Costco said it's seeing a boost in meat and produce sales.Costco's finance chief said in the Q1 2025 earnings call that there was a shift toward "food at home."The retailer posted strong growth this quarter, with sales increasing 7.5% from the year before.Americans are swapping dinners out for nights in, Costco said in its 2025 first-quarter results.Advertisement "I would say that we are seeing what we think is a little bit of a shift from food away from home to food at home," Costco's finance chief, Gary ...

Costco Wholesale Corporation (NASDAQ:COST) Q1 2025 Earnings Conference Call December 12, 2024 5:00 PM ET Company Participants Gary Millerchip - EVP and CFO Ron Vachris - President and CEO Conference Call Participants Simeon Gutman - Morgan Stanley Oliver Chen - TD Cowen Christopher Horvers - JPMorgan Zhihan Ma - Bernstein Karen Short - Melius Research Edward Kelly - Wells Fargo John Heinbockel - Guggenheim Rupesh Parikh - Oppenheimer Peter Benedict - Baird Greg Melich - Evercore ISI Scott Mushkin - R5 Capit ...

Costco is proving that its digital transformation is more than just a buzzword — it’s driving growth. As the company continues to enhance its eCommerce offerings and streamline member experiences, its first-quarter results (Q3 by the calendar) for fiscal 2025 illustrate a combination of solid online performance and in-store success.Digital growth played a major role Thursday (Dec. 12) during the company’s earnings call as eCommerce sales rose 13%, site traffic grew 16%, and average order value increased 4%. ...

Costco (COST) reported $62.15 billion in revenue for the quarter ended November 2024, representing a year-over-year increase of 7.5%. EPS of $3.82 for the same period compares to $3.48 a year ago.The reported revenue represents a surprise of +0.17% over the Zacks Consensus Estimate of $62.05 billion. With the consensus EPS estimate being $3.79, the EPS surprise was +0.79%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street e ...

Thursday, December 12, 2024Stock market indexes had a down day from the start: higher producer prices from November’s PPI report and a notable increase in Weekly Jobless Claims ahead of the open today set the scene. We’re still near all-time highs on the major indexes, so taking a breather with less-than-stellar economic prints seems perfectly reasonable.Attention will now turn to next week’s Federal Open Market Committee (FOMC) meeting, where on Wednesday afternoon the latest decision on interest rates wil ...

Costco (COST) came out with quarterly earnings of $3.82 per share, beating the Zacks Consensus Estimate of $3.79 per share. This compares to earnings of $3.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.79%. A quarter ago, it was expected that this warehouse club operator would post earnings of $5.05 per share when it actually produced earnings of $5.15, delivering a surprise of 1.98%.Over the last four quarters, the com ...

Costco beat expectations for its fiscal first-quarter earnings, with net sales growth of 7.5%.Comparable sales growth was largely driven by increased traffic.The company ended the quarter with nearly 139 million membership cardholders, up 7.2% over last year.People just can't get enough of Costco — even as membership fees went up.Advertisement The wholesale club beat Wall Street's expectations Thursday, posting fiscal first-quarter net sales of $60.99 billion, up 7.5% from the same period last year.Compara ...

Costco Wholesale (COST) reported fiscal first-quarter earnings that beat analysts’ expectations, in its first quarterly results reflecting the impact of its hike in membership fees. The membership-based retailer saw revenue grow 7.5% to $62.15 billion, just above the analyst consensus from Visible Alpha. Net income of $1.8 billion or $4.04 per share was up from $1.59 billion or $3.58 per share a year earlier and exceeded expectations.   Costco's e-commerce sales increased 13%, while same-store sales were u ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Costco on Thursday beat Wall Street's quarterly earnings and sales estimates, as it got a boost in part from higher membership fees.Here's how the warehouse club did for the fiscal first quarter compared to what Wall Street expected, according to a survey of analysts by LSEG:Earnings per share: $4.04 vs. $3.79 expectedRevenue: $62.15 billion vs. $62.08 billion expectedIn the three-month period that ended Nov. 24, Costco's net income rose to $1.80 billion, or 4.04 per share, from $1.59 billion, or $3.58 per ...