Costco Wholesale Corp. ( (COST) ) has released its Q2 earnings. Here is a breakdown of the information Costco Wholesale Corp. presented to its investors.
Costco Wholesale Corporation, a leading global retailer operating membership-only warehouse clubs, reported its second quarter and year-to-date financial results for fiscal 2025, showcasing significant growth in sales and income.
In the second quarter of fiscal 2025, Costco reported a 9.1% increase in net sales, reaching $62.53 billion, compared to the same period last year. The company’s net income for the quarter was $1.788 billion, or $4.02 per diluted share, marking a slight increase from the previous year’s $1.743 billion, or $3.92 per diluted share. For the first 24 weeks of fiscal 2025, net sales rose by 8.3% to $123.52 billion, while net income reached $3.59 billion, or $8.06 per diluted share.
Key performance metrics highlighted in the report include a robust 20.9% growth in e-commerce sales for the quarter and a total company comparable sales increase of 6.8%, adjusted for gasoline prices and foreign exchange. The U.S. market saw an 8.3% rise in comparable sales, while international markets experienced varied growth, with Canada showing a notable 10.5% increase. Additionally, Costco’s February net sales rose by 8.8% to $19.81 billion, reflecting continued strong consumer demand.
Looking ahead, Costco remains focused on expanding its global footprint, currently operating 897 warehouses worldwide, and enhancing its e-commerce capabilities. The company maintains a positive outlook, driven by its consistent sales growth and strategic initiatives aimed at sustaining its competitive edge in the retail sector.