Costco reports mixed second-quarter earnings

Core Insights - Costco reported an earnings miss but exceeded revenue expectations for the second quarter [1][3] Revenue Performance - Second-quarter revenue increased by 9% to $63.72 billion, up from $58.44 billion in the same quarter of fiscal 2024 [1] - Net sales for the quarter rose by 9.1% to $62.53 billion, compared to $57.33 billion in the year-ago period [1] Net Income and Earnings Per Share - Net income for the second quarter was $1.79 billion, or $4.02 per share, compared to $1.74 billion, or $3.92 per share, during the second quarter of fiscal 2024 [2] - Earnings per share were $4.02, which was below the expected $4.11 [3] Comparable Sales - Quarterly comparable sales increased by 6.8% year over year, with an 8.3% increase in the U.S. [2] - E-commerce comparable sales rose by 20.9% year over year [2]