Costco(COST) - 2025 Q1 - Quarterly Results

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]