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Costco | 10-Q: Q2 2025 Earnings Report

SEC ·  Mar 13 18:33

Summary by Moomoo AI

Costco reported strong financial results for Q2 fiscal 2025, with total revenue increasing 9% to $63.7 billion, driven by a 7% rise in comparable sales and contributions from 23 new warehouses. Net sales grew to $62.5 billion while membership fees rose 7% to $1.19 billion, boosted by new member sign-ups and recent fee increases. Net income reached $1.79 billion or $4.02 per diluted share.Core merchandise sales increased 10% across all categories, while e-commerce sales surged 21%. The company's gross margin percentage improved by five basis points to 10.85%, benefiting from improved performance in warehouse operations. Operating income grew 12.3% to $2.32 billion, supported by effective cost management as SG&A expenses as a percentage of sales decreased eight basis points.The company maintained strong membership metrics with worldwide renewal rates at 90.5% and total paid members increasing to 78.4 million. Costco continued its expansion with eight new warehouses opened in the first half of fiscal 2025 and plans for 20 additional locations. The company declared a quarterly dividend of $1.16 per share and had $2.45 billion remaining under its share repurchase authorization.
Costco reported strong financial results for Q2 fiscal 2025, with total revenue increasing 9% to $63.7 billion, driven by a 7% rise in comparable sales and contributions from 23 new warehouses. Net sales grew to $62.5 billion while membership fees rose 7% to $1.19 billion, boosted by new member sign-ups and recent fee increases. Net income reached $1.79 billion or $4.02 per diluted share.Core merchandise sales increased 10% across all categories, while e-commerce sales surged 21%. The company's gross margin percentage improved by five basis points to 10.85%, benefiting from improved performance in warehouse operations. Operating income grew 12.3% to $2.32 billion, supported by effective cost management as SG&A expenses as a percentage of sales decreased eight basis points.The company maintained strong membership metrics with worldwide renewal rates at 90.5% and total paid members increasing to 78.4 million. Costco continued its expansion with eight new warehouses opened in the first half of fiscal 2025 and plans for 20 additional locations. The company declared a quarterly dividend of $1.16 per share and had $2.45 billion remaining under its share repurchase authorization.
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