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Visu uses AI to transform SEC filings and press releases into accurate summaries of earnings and key company events.
Costco Reports Fourth Quarter and Fiscal Year 2025 Results
Costco Wholesale Corporation announced its operating results for the fourth quarter and fiscal year ending August 31, 2025. Net sales for the fourth quarter increased by 8.0% to $84.4 billion, while net sales for the fiscal year rose 8.1% to $269.9 billion. The company reported a net income of $2.610 billion for the fourth quarter, equating to $5.87 per diluted share, compared to $2.354 billion and $5.29 per diluted share for the same period last year. For the fiscal year, net income was $8.099 billion, or $18.21 per diluted share, up from $7.367 billion and $16.56 per diluted share the previous year. Comparable sales for the fourth quarter grew by 5.7%, excluding impacts from gasoline prices and foreign exchange fluctuations.
As of August 31, 2025, Costco operated 914 warehouses globally, with 629 located in the U.S. and Puerto Rico. The company also reported a membership renewal rate of 89.8% worldwide, with a total of 81 million paid memberships, reflecting a growth of 6.3%. E-commerce sales showed significant growth, with a 13.6% increase in comparable sales. The company continues to enhance its digital presence and has plans for warehouse expansion in various locations. Overall, Costco's financial performance indicates a solid sales trajectory and growth in membership, which are key factors for potential investors.
linkSep 25, 2025 16:16:57
Costco Announces Executive Retirement and New Appointment Details
Costco Wholesale has announced the retirement of Russ Miller, Senior Executive Vice President and COO for U.S. and Mexico Operations, effective February 2026. The company will appoint Caton Frates, currently Executive Vice President and COO of the Southwest Division, to succeed Miller as Senior Executive Vice President of Warehouse Operations for the U.S. and Mexico, also effective February 2026.
linkAug 07, 2025 16:35:32
Costco Declares $1.30 Quarterly Cash Dividend for Investors
Costco Wholesale Corporation's Board of Directors has declared a quarterly cash dividend of $1.30 per share on its common stock. This dividend will be payable on August 15, 2025, to shareholders who are on record as of the close of business on August 1, 2025.
As of now, Costco operates a total of 908 warehouses globally, with 625 located in the United States and Puerto Rico. The company also has a presence in several other countries, including Canada, Mexico, Japan, the United Kingdom, and Australia, among others. Additionally, Costco runs various e-commerce sites in multiple regions, including the U.S., Canada, and parts of Europe and Asia.
linkJul 16, 2025 16:18:04
Costco Reports 8% Increase in Net Sales for Q3 2025
Costco Wholesale Corporation announced its operating results for the third quarter and the first 36 weeks of fiscal 2025, reporting a net sales increase of 8.0% for the quarter, totaling $61.96 billion, compared to $57.39 billion in the previous year. For the first 36 weeks, net sales rose by 8.2% to $185.48 billion from $171.44 billion. Comparable sales also showed positive growth across various regions, with total company comparable sales increasing by 5.7% for the quarter and 5.9% for the year-to-date period, excluding the impacts from gasoline prices and foreign exchange fluctuations. E-commerce sales experienced a notable increase of 14.8% for the quarter and 16.4% year-to-date.
The company's net income for the third quarter was reported at $1.90 billion, or $4.28 per diluted share, compared to $1.68 billion, or $3.78 per diluted share, a year earlier. For the first 36 weeks, net income reached $5.49 billion, or $12.34 per diluted share, up from $5.01 billion, or $11.27 per diluted share, in the same period last year. Costco operates 905 warehouses globally and has a significant presence in e-commerce across multiple countries. The company will hold a conference call to discuss these results today at 2:00 p.m. PT.
linkMay 29, 2025 16:24:57
Costco Increases Quarterly Cash Dividend to $1.30 per Share
Costco Wholesale Corporation has announced an increase in its quarterly cash dividend from $1.16 to $1.30 per share, totaling $5.20 on an annualized basis. The new dividend will be payable on May 16, 2025, to shareholders of record as of May 2, 2025. The company operates 904 warehouses across various countries, including 623 in the United States and Puerto Rico, and has e-commerce sites in multiple regions.
While the press release highlights the dividend increase, it also includes a disclaimer about forward-looking statements, indicating that actual results could differ due to various risks and uncertainties. These factors include economic conditions, competition, consumer spending patterns, and regulatory impacts, which may affect the company's performance and future operations.
linkApr 16, 2025 17:13:44
Costco Reports Increased Sales and Net Income for Q2 2025
Costco Wholesale Corporation announced a 9.1% increase in net sales for the second quarter of fiscal 2025, reaching $62.53 billion compared to $57.33 billion the previous year. Net income also rose to $1.79 billion, or $4.02 per diluted share, up from $1.74 billion, or $3.92 per diluted share, last year. Notably, the company reported a significant growth in e-commerce sales, which increased by 20.9% for the quarter.
On the downside, last year's second quarter net income was positively impacted by a tax benefit of $94 million, which is not present in this year’s results. Additionally, while comparable sales for the U.S. showed an increase of 8.3%, sales in Other International markets experienced a decline of 0.6% in February. The company also reported an increase in total liabilities to $47.65 billion, up from $46.21 billion, indicating a rise in financial obligations.
linkMar 06, 2025 16:21:08
Costco Declares Quarterly Dividend of $1.16 Per Share
Costco Wholesale Corporation announced a quarterly cash dividend of $1.16 per share, which will be paid on February 21, 2025, to shareholders who are on record by February 7, 2025. The company operates a total of 897 warehouses across various countries, including 617 in the United States and Puerto Rico, indicating a significant presence in the retail market.
The press release also outlines potential risks and uncertainties that could impact the company's performance, including economic conditions, competition, and regulatory challenges. These factors may affect consumer spending patterns and overall financial stability, suggesting a cautious outlook amidst operational growth.
linkJan 27, 2025 16:26:57
Costco Reports $1.8 Billion Net Income for Q1 2025
Costco Wholesale Corporation announced a 7.5 percent increase in net sales for the first quarter of fiscal 2025, reaching $60.99 billion compared to $56.72 billion the previous year. The company also reported a net income of $1,798 million, or $4.04 per diluted share, which includes a tax benefit of $100 million related to stock-based compensation. Notably, comparable sales in the U.S. rose by 5.2 percent, while e-commerce sales grew by 13.0 percent during the quarter.
On the downside, while the overall revenue grew, net cash provided by operating activities decreased significantly to $3.26 billion from $4.65 billion in the same quarter last year. Additionally, Costco's total liabilities increased to $48.94 billion, up from $46.21 billion, indicating rising financial obligations. The company's cash and cash equivalents also fell to $10.91 billion from $17.01 billion year-over-year, reflecting a decline in liquidity.
linkDec 12, 2024 16:18:05
Costco Declares Quarterly Dividend and Expands Global Presence
Costco Wholesale Corporation has announced a quarterly cash dividend of $1.16 per share, which will be paid to shareholders on November 15, 2024. This decision reflects the company's strong financial position and commitment to returning value to its investors. Additionally, Costco continues to expand its global footprint with 891 warehouses across multiple countries, showcasing its growth and operational reach.
The announcement highlights Costco's robust business model, with a significant presence in various international markets including the U.S., Canada, Mexico, and several others. However, the company also acknowledges potential challenges such as economic conditions, competition, and regulatory factors that could impact its operations. Despite these risks, Costco remains focused on maintaining its strong market position and delivering consistent returns to shareholders.
linkOct 17, 2024 16:55:10
Costco Reports Increased Sales and Earnings for 2024
Costco Wholesale Corporation announced positive operating results for the fourth quarter and the entire fiscal year 2024. The company saw a 1.0% increase in net sales for the fourth quarter, totaling $78.2 billion, and a 5.0% rise for the fiscal year, reaching $249.6 billion. Notably, net income for the fourth quarter rose to $2.354 billion, up from $2.160 billion the previous year, reflecting strong performance across various regions, especially in the U.S. and Canada. E-commerce sales also showed significant growth, indicating a successful adaptation to changing shopping behaviors.
However, while overall sales and earnings were up, there was a slight decline in cash and cash equivalents, dropping from $13.7 billion to $9.9 billion. Additionally, the company reported increased operating expenses, which could impact profit margins in the future. Despite these challenges, Costco continues to expand its global presence with 891 warehouses worldwide, demonstrating resilience and a solid business model in a competitive retail landscape.
linkSep 26, 2024 16:17:15