Core Points - PriceSmart, Inc. has announced the appointment of Gualberto Hernandez as the new Chief Financial Officer (CFO) effective June 1, 2025, following the resignation of Michael McCleary by mutual agreement [1] - Michael McCleary will continue to serve as an Executive Vice President until September 30, 2025, and will provide consulting support for three months post-resignation [1] Group 1: Leadership Transition - Gualberto Hernandez has extensive experience, having served as Vice President Finance & Strategy for Latin America at The Estée Lauder Companies since January 2016, and held various leadership roles within the company [2] - Robert Price, Interim CEO, expressed gratitude for Michael McCleary's contributions over his 20-year tenure, highlighting the company's growth during his leadership, including a doubling of club count and an eight-fold increase in revenues [3] Group 2: Company Overview - PriceSmart operates 55 warehouse clubs across 12 countries and one U.S. territory, with plans to open a new club in Quetzaltenango, Guatemala in summer 2025, bringing the total to 56 [4]

Affirm is partnering with Costco to offer online shoppers the option to pay over time for transactions.The financial services company announced the collaboration Thursday (May 8) in a shareholder letter. Customers, if approved, will be to able select monthly Affirm payment plans when shopping on Costco’s website.“[We] are proud to announce our online partnership with Costco — a brand and a retailer I have personally admired for a long time because of their unwavering commitment to customer experience and tr ...

Core Viewpoint - Costco's internal investigation policies are criticized for being overly broad and potentially infringing on employee rights, particularly regarding confidentiality agreements that employees must sign when raising complaints [1][7]. Group 1: Case Background - The case involves Jessica Georg, who filed a sexual harassment complaint against a co-worker in 2022 using Costco's "Open Door" policy [2]. - Georg was required to sign a confidentiality agreement that prohibited her from discussing the matter with coworkers, which raised concerns about the implications for employee rights [3][6]. Group 2: Legal Arguments - Costco's lawyer argued that confidentiality rules are designed to protect the integrity of investigations and encourage candid employee statements, especially in the retail industry [4]. - The lawyer emphasized that the rules are not meant to deter discussions about wages, working conditions, or union formation [5]. Group 3: NLRB Findings - The NLRB found that the individual Georg complained about had multiple prior complaints against him, and Georg expressed concerns that sharing information could jeopardize her job [6]. - NLRB attorneys suggested that a more tailored confidentiality agreement could protect sensitive information while ensuring workers' rights against harassment [7]. Group 4: Judge's Decision - Judge Gollin proposed that Costco post a notice in the warehouse where the violation occurred, as the NLRB did not conclusively prove that similar confidentiality forms were used across all US locations [8]. - The case will proceed to the NLRB's board, with exceptions to the decision due by June 2 [8].

Summary of Conference Call Company Overview - The conference call was led by Andrew Yoon, director of finance and investor relations, discussing sales results for the retail month of April, comparing it to the same period last year [1] Key Financial Metrics - Net sales for April reached $21.18 billion, marking a 7% increase from $19.8 billion in the previous year [2] - The month had one less shopping day compared to last year due to the shift in Easter, negatively impacting total and comparable sales by approximately 1.5% to 2% [2] Comparable Sales Performance - Reported comparable sales for April were as follows: - US: 5.2% - Canada: 1.5% - Other International: 3.2% - Total Company: 4.4% - E-commerce: 12.6% [3] - Comparable sales excluding impacts from gasoline prices and foreign exchange were: - Total Company: 6.7% - E-commerce: 13% [3] - Comp traffic increased by 4.2% worldwide and 5% in the US [3] Impact of External Factors - Foreign currency fluctuations negatively impacted total and comparable sales: - Canada: -1.6% - Other International: -2.5% - Total Company: -0.6% [3] - Gas price deflation negatively impacted total reported comparable sales by approximately -1.7%, with the average worldwide selling price per gallon down about 13.4% year-over-year [4] Regional Performance - Strongest comparable sales in the US were observed in the Midwest, Northeast, and Southeast regions [5] - Internationally, the best results were seen in Mexico, Korea, and Taiwan [5] Merchandise Highlights - Foods and sundries showed positive high single-digit growth [5] - Better performing departments included: - Fresh foods: high single digits - Meat and bakery: strong performance - Non-foods: mid to high single digits, with jewelry, majors, and home furnishings performing well [6] - Ancillary business sales were down mid to high single digits, while pharmacy, optical, and food court were the top performers [7] Future Outlook - The May reporting period will cover the four weeks beginning May 5 and ending June 1, compared to the same period last year [7]

Core Insights - Costco reported net sales of $21.18 billion for April 2025, a 7.0% increase from $19.80 billion in April 2024 [1] - For the first 35 weeks of the fiscal year, net sales reached $180.05 billion, up 8.2% from $166.44 billion in the same period last year [1] - Comparable sales for the four weeks ended May 4, 2025, showed a total company increase of 4.4%, with U.S. sales up 5.2% and Canadian sales up 1.5% [1][2] Sales Performance - Comparable sales excluding gasoline price and foreign exchange impacts were 6.7% for the four weeks and 8.1% for the first 35 weeks [2] - E-commerce sales saw significant growth, with a 12.6% increase for the four weeks and a 16.3% increase for the first 35 weeks [1][2] Operational Insights - Costco operates 905 warehouses globally, with 624 located in the U.S. and Puerto Rico, and additional locations in Canada, Mexico, Japan, the U.K., and other countries [4] - The company also runs e-commerce sites in multiple countries, including the U.S., Canada, and Australia [4] Calendar Impact - April 2025 had one less shopping day compared to the previous year due to the Easter calendar shift, negatively impacting total and comparable sales by approximately 1.5% to 2% [3]

近年来，随着一线城市市场的逐渐饱和，越来越多的零售巨头开始将目光投向三四线城市。Costco作为 全球知名的会员制仓储超市，也在这一趋势中加速布局。会员制仓储超市能否在三四线城市引爆消费热 潮，成为了业界关注的焦点。本文将从多个角度探讨Costco下沉三四线的可能性及其对小城消费的影 响。 小标题1：Costco会员制模式在三四线城市的适应性 Costco的会员制模式在全球范围内取得了巨大成功，但在三四线城市，这一模式是否同样适用？三四线 城市的消费者对价格敏感度较高，Costco通过大批量采购和低毛利的策略，能够提供极具竞争力的价 格，这无疑会吸引大量消费者。会员制模式能够筛选出高忠诚度的顾客，这对于Costco在三四线城市的 长期发展至关重要。三四线城市的消费者对会员费的接受度可能较低，这需要Costco在推广过程中进行 有效的市场教育和引导。 小标题2：Costco商品结构与小城消费需求的匹配度 Costco的商品结构以高品质、大包装为主，这与三四线城市的消费需求是否匹配？三四线城市的消费者 对品质的要求逐渐提升，Costco的高品质商品能够满足这一需求。大包装商品在家庭消费中具有优势， 尤其适合三四线 ...

Costco (COST 0.33%) has been an outstanding holding for investors. In the past 40 years, shares have climbed 14,540%, crushing the S&P 500 index. Including dividends, the gains are even more impressive.This top retail enterprise has many attractive qualities that can draw in investors looking to own a great business. But is Costco a worthy long-term buy right now?Costco's advantagesCostco is a top-notch company. It has become a favorite among consumers looking to score huge savings on a variety of merchandi ...

Company Overview - Costco has generated a total return of 22,000% over the past 40 years, translating a $10,000 investment in April 1985 to $2.2 billion today, with an annualized gain of 14.4% [1] - The company operates 897 locations globally, with a focus on providing quality merchandise at affordable prices [3] Growth and Expansion - Costco's store count has grown from 221 in 1994, with plans for nearly half of new store openings to occur outside the U.S. [4] - Same-store sales increased by 6.8% in Q2, marking at least 13 consecutive years of growth in this key metric [5] - Diluted earnings per share have grown at a compound annual rate of 11.6% over the past 20 years, with expectations of 11.1% growth from fiscal 2024 to fiscal 2027 [6] Competitive Position - Costco is the third-largest retailer globally, generating $62.5 billion in net sales during the 12-week period ending Feb. 16 [8] - The company benefits from significant buying leverage due to its scale and a limited number of stock-keeping units, which allows for cost savings passed on to consumers [9] - Membership households increased by 6.8% in the latest fiscal quarter, with a high renewal rate of 90.5% [9] Investment Considerations - Current share prices are down 9% from their February peak, but the price-to-earnings ratio stands at 57, which is near its highest level ever [10] - The high valuation may hinder potential returns, suggesting that investors should be cautious about purchasing the stock at this time [11]

| Costco quarterly results wrap | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | $ '00 mn | 1023 | 2024 | 3024 | 4024 | 1025 | 2025 | 2025E | 2023 | 3025 | 4023 | 1024 | Var. | Total revenue | 544 | ਦੇ ਫੇ ਤੇ | ਦੇਤ ਦ | 789 | 578 | ਦੇ8 4 | રે 8 ટ | 797 | 622 | 637 | ୧30 | 1.1% | | 8.196 | ર રેત્રેસ | 2.0% | ਰੇਂ ਦੇ ਦੇ | 6.2% | 5.7% | 9.1% | 1.0% | 7. ...

Costco Wholesale Corporation (NASDAQ:COST) Q2 2025 Earnings Conference Call March 6, 2025 5:00 PM ET Company Participants Gary Millerchip - EVP and CFO Ron Vachris - President and CEO Conference Call Participants Simeon Gutman - Morgan Stanley Michael Lasser - UBS Christopher Horvers - JPMorgan Scot Ciccarelli - Truist Securities Zhihan Ma - Bernstein Oliver Chen - TD Cowen John Heinbockel - Guggenheim Securities Rupesh Parikh - Oppenheimer Greg Melich - Evercore ISI Edward Kelly - Wells Fargo Chuck Grom - ...