Costco Wholesale Corporation Reports Second Quarter and Year-To-Date Operating Results For Fiscal 2025 and February Sales Results

Core Insights - Costco Wholesale Corporation reported a net sales increase of 9.1% for the second quarter of fiscal 2025, reaching $62.53 billion compared to $57.33 billion in the same period last year [1] - For the first 24 weeks of fiscal 2025, net sales rose by 8.3% to $123.52 billion from $114.05 billion [1] Sales Performance - Comparable sales for the second quarter showed an increase of 6.8% for the total company, with U.S. sales up 8.3% and Canadian sales up 4.6% [2] - E-commerce sales experienced significant growth, with a 20.9% increase in the second quarter [2] - For the four-week reporting month of February, net sales were $19.81 billion, an increase of 8.8% from $18.21 billion last year [3] Profitability - Net income for the second quarter was $1,788 million, or $4.02 per diluted share, compared to $1,743 million, or $3.92 per diluted share, in the previous year [2] - The first 24 weeks net income was $3.59 billion, or $8.06 per diluted share, compared to $3.33 billion, or $7.49 per diluted share, last year [2] Operational Metrics - Costco operates 897 warehouses globally, with 617 located in the U.S. and Puerto Rico [3] - The company reported total revenue of $63.72 billion for the second quarter, up from $58.44 billion last year [8] Cash Flow and Financial Position - Net cash provided by operating activities for the first 24 weeks was $6.008 billion, an increase from $5.382 billion in the previous year [11] - Cash and cash equivalents at the end of the reporting period were $12.356 billion, up from $9.906 billion at the beginning of the year [10]