Revenue segments as reported by the company.

Net Sales

Membership Fees

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

SG&A

Preopening expenses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Costco

"Kirkland Signature" is Costco's private label. It is sold by Costco at their website and warehouses, and is trademarked by the company. The name is derived from the location (from 1987 to 1996) of Costco's corporate headquarters, Kirkland, Washington. Costco introduced Kirkland Signature as its private label in 1992. The idea was to provide brand name quality products at discounted prices. To counteract the consumer confidence problem common in store branding, Kirkland Signature occasionally employs co-branding. According to Costco, while consumers may be wary of same-store-branding, they are less likely to be wary of brands that they are familiar with and trust.

Kirkland Signature

Costco Wholesale Corp. engages in the provision of operation of membership warehouses through wholly owned subsidiaries. It operates through the following geographical segments: United States, Canada, and Other International Operations. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Costco reports mixed Q1 earnings, eyes growth in China

Costco's Q1 earnings reflect a mixed performance, with a decrease in net income and diluted earnings per share, but an increase in net sales and membership fee income. The company faces challenges in certain categories and e-commerce sales, but is focused on driving business in-store and improving digital capabilities. Costco is optimistic about growth opportunities in international markets, particularly in China.

Costco reports robust Q2 earnings, eyes international expansion for growth

Costco's Q2 2023 performance showcased strong financial results, driven by sales growth and membership fee income.
While facing challenges in e-commerce and margin declines, Costco's focus on efficiency and cost management is key.
The company's strengths in sales growth, membership loyalty, and cost advantages position it well for future opportunities.
With plans for international expansion and strategic cost-saving initiatives, Costco aims to sustain growth and competitiveness.

Costco reports solid Q3 earnings, eyes growth in Asia

Costco delivered strong financial performance in Q3 2023, driven by increased net sales and membership fee income.
While facing challenges like declining e-commerce sales and inflation, Costco's focus on quality goods and strategic initiatives positions it well for growth.
Opportunities in digital investments, inventory management, and international expansion offer avenues for future expansion and revenue growth.
Overall, Costco's solid earnings, customer loyalty, and competitive positioning indicate a resilient and promising outlook for the company.

Costco reports robust Q4 earnings, eyes expansion and digital growth

Costco's Q4 2023 performance reflects solid financial results, strong customer retention, and ongoing investments in digital initiatives to enhance the customer experience.
The company's competitive wages, rich benefits, and operational strengths position it well in the market, while challenges like managing inflation and digital advancements require continued focus.
Opportunities for expansion, leveraging profitable segments, and enhancing customer engagement through digital platforms present avenues for future growth and value creation.
Costco's commitment to balancing financial stability, customer satisfaction, and shareholder value underscores its strategic approach to sustainable growth and market leadership.

Costco posts robust Q1 earnings, eyes international expansion for growth

Costco's Q1 fiscal '24 performance reflects strong sales, membership growth, and operational improvements, despite challenges from inflation and operating expenses.
The company's focus on value, trust, and personalized offerings, along with international expansion plans, positions Costco for continued growth and revenue enhancement.
Efforts to drive e-commerce sales, improve membership engagement, and manage operational challenges will be key focus areas for Costco in the coming quarters.
Balancing cost pressures with revenue growth strategies will be crucial for Costco to sustain its financial performance and member loyalty in a competitive retail landscape.

Costco reports robust Q2 earnings, eyes e-commerce expansion and value focus

Costco's Q2 2024 performance reflects strong financial results, driven by sales growth, membership strength, and e-commerce expansion. While facing challenges such as inflation impacts and membership sharing concerns, the company's focus on value and operational efficiency positions it well for future growth. Costco's strategic initiatives in e-commerce, customer acquisition, and product offerings present promising opportunities for continued success.

Costco reports robust Q3 earnings, eyes growth through digital innovation

Costco's Q3 performance reflects strong financial results, high member engagement, and strategic growth initiatives driving profitability.
While facing challenges in certain segments like gas profitability and flat food sales, Costco's focus on digital innovation and member value enhancement positions it well for future growth.
Opportunities in unit growth, curated marketplaces, and operational enhancements present avenues for Costco to sustain its market leadership and drive continued success.

Costco reports strong Q4 earnings, eyes e-commerce growth opportunities

Costco's Q4 2024 performance showcased solid revenue growth, driven by strong net income, sales, and membership fees, despite some challenges in profitability.
The company's strengths lie in high membership renewal rates, core merchandising focus, and improving e-commerce profitability, while facing challenges in deferred fee impacts and interest income decline.
Opportunities for Costco include expanding e-commerce and core sales, leveraging consumer trends, and exploring new markets for sustained growth and diversification.
To maintain growth momentum, Costco must address challenges in cost management, revenue realization, and investment optimization while capitalizing on emerging opportunities.

Costco reports strong Q1 earnings, eyes digital expansion and member value

Costco's Q1 performance reflects solid growth in net income, sales, and membership fees, driven by strong e-commerce and partnership strategies. The company's focus on member value, technology enhancements, and logistics improvements positions it well for future success.
While facing challenges like rising operating expenses and lower online sign-ups, Costco has opportunities to optimize its digital business, drive membership growth, and enhance member experience. Balancing cost pressures with value delivery will be crucial for sustained growth.
Overall, Costco's Q1 earnings call highlights its resilience, adaptability, and commitment to member satisfaction. With a strategic focus on technology, partnerships, and operational efficiency, Costco is poised for continued growth and market leadership.

Revenue

Cost of revenue

Gross profit

Operating expenses

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

While we have been covering COST since May 2022, we only now recognize the full implications of the management's asset-building strategy. The management has also guided intensified capex in 2024, further highlighting its laser focus on asset growth and warehouse/ logistics/ processing plants' expansion. Investors may be reassured that the management expects to achieve this growth through a mix of cash from operations, cash on the balance sheet, and short-term investments, i.e., minimal debt.

Costco: The Retailer That Collects Assets Like A REIT

AstraZeneca

Salesforce

Chevron

Li Auto Inc.

Lockheed Martin

Rio Tinto plc Sponsored

Millionaires, by investing in equities, are not made overnight. It takes years of grinding in the form of research that a high level of patience should back.

The 7 Next Trillion Dollar Companies to Invest in to Become a Millionaire

American Eagle Outfitters

Walmart

Amid a tough retail environment, American Eagle (AEO), Walmart (WMT), Costco (COST) and The TJX Companies (TJX) are likely to have benefited from a consumer-centric approach and digitization.

4 Retailers Likely to Come Up With a Beat This Earnings Season

JD.com

PayPal

Wall Street has swung between bull and bear markets for nearly four years, with the Nasdaq-100 being the most volatile of the major stock indexes. Two Nasdaq-100 companies with sustained growth catalysts are historically cheap and ripe for the picking by opportunistic investors.

2 Nasdaq-100 Stocks That Are No-Brainer Buys in November, and 1 to Avoid Like the Plague

Albertsons Companies

Exelon

Five Below

Genuine Parts

PepsiCo

Exxon Mobil

While the rest of Wall Street may be basking in the glow of screaming-hot economy, contrarian investors may want to consider the best stocks for a volatile market. Just like in a game of baseball, all it takes is one bad inning to see a big lead evaporate.

The 7 Best Stocks to Own in a Volatile Market

Recently, Zacks.com users have been paying close attention to Costco (COST). This makes it worthwhile to examine what the stock has in store.

Is Most-Watched Stock Costco Wholesale Corporation (COST) Worth Betting on Now?

Archer-Daniels-Midland Company

Chewy

Lowe's

Lululemon Athletica

Microsoft

Welltower

The accepted definition of the millennial generation is those individuals born between 1981 and 1996. So, selecting retirement stocks for millennials means looking at stocks that have staying power for 20 to 30 years.

7 Must-Own Retirement Stocks for Millennial Investors

Amazon

eBay

The commentary from eBay executives painted a picture that says, "Oh man, I'd rather be in Costco. I'd rather in Amazon," Jim Cramer said Wednesday.

Cramer: eBay's results boost investment case for stocks like Costco and Amazon

Costco Wholesale Corporation is a wonderful company currently trading at a fair price and remains a large personal holding of Charlie Munger. COST enjoys a wide moat due to scale, efficient operations, and a successful membership program. International growth represents a major opportunity for the company.

Costco: A Strong Company With A Wide Moat At A Fair Price

Costco Wholesale Corporation  (NASDAQ: COST ) stock is up 0.6% at $573.15 at last check, and on track for a third-straight win.

Costco Stock Could Nab A Fresh Round of 52-Week Highs

Costco is one of the top retail chains in America with a large and loyal customer base. The company's financials show consistent growth in revenue and net income, with improving margins and a strong balance sheet. The valuation is 'premium' from a nominal perspective, but actually below the company's long term historical average.

Costco: Keep Tight Hold Of Your Shares

Costco's (COST) distinctive membership business model and pricing power set it apart from traditional players. Comparable sales for the retail month of October rise 3%.

Costco (COST) Displays Resilience in Comparable Sales Success

Major food companies are concerned that new weight loss drugs could negatively impact sales. Costco's stock is fully valued but has been quietly outperforming the market. Costco's strong membership trends and private label products are driving impressive revenue, but there are risks such as macroeconomic turns and increased competition.

Costco: Healthy Technicals, But Shares Fully Priced Ahead Of Q1 Results

Costco operates a recession-proof business model, offering products in bulk at relatively low prices, which resonates well with customers during periods of economic hardship. Costco rarely trades at a fair valuation, and currently, it is richly valued with a Forward PE of 35.92x its FY24 earnings, significantly higher than its peers. Despite the stable margins driven by membership fees and the high-quality nature of the business, I am not a buyer at this valuation.

Is Costco's Premium Valuation Justified?

Airbnb

Intuitive Surgical

Intuitive Surgical is a mature business, but its industry is still in the early stages of growth. Costco has a proven model, and current economic woes haven't detracted from its growth story.

The Best Stocks to Invest $20,000 in Right Now

Apple

Newmont Mining

Tesla

This column focuses on stocks to buy for long-term wealth creation with evergreen ideas. A key factor that separates evergreen businesses from others is necessity versus luxury.

7 Evergreen Stocks for Long-term Wealth Generation

Adobe

Bank of America

Cisco Systems

Mastercard

STAG Industrial

The stock market has helped many investors generate long-term returns. However, the market has various stretches of high volatility that can rattle many investors.

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Automatic Data Processing

Applied Materials

Amphenol

Blackrock Inc

Cintas Corp

Graco

Home Depot

Intuit

Jack Henry & Associates

Monolithic Power Systems

Northrop Grumman

Roper Technologies

Charles Schwab

Sherwin-Williams

Tractor Supply

Vanguard Dividend Appreciation ETF

There are 20 stocks on my dividend growth watchlist for October 2023. The majority of the stocks on my watchlist are undervalued based on dividend yield theory. An equally weighted portfolio of these stocks would have outperformed the Vanguard Dividend Appreciation ETF by more 4% year-to-date.

Dividend Growth Stock Watchlist - November 2023

Restaurant Brands

US Foods Holding

The holiday has always been a time for reflection, celebration and gratitude for Americans. This is also a time when investors can buy restaurant stocks that can potentially rise in value during this holiday season as consumers take advantage of deals like Black Friday and Cyber Monday.

3 Restaurant Stocks That Will Be Delicious Buys This Holiday Season

Deckers Outdoor

Ross Stores

We have narrowed our search to five heavyweight U.S. wholesale retailers that have strong potential for the rest of 2023. These are: WMT, TJX, COST, ROST, DECK.

5 Wholesale Retailers to Buy Ahead of the Holiday Season

Apple continues to generate cash even as revenue growth declines. Amazon has engineered an impressive turnaround over the past year.

3 Stocks to Hold for the Next 20 Years

News for Costco Stock (COST)