Costco Wholesale Corporation · NASDAQ:COST
Costco Wholesale — Q4 FY2022 Earnings Presentation
24 slides from Costco Wholesale's earnings presentation, September 2022
Slide 1: 4th Quarter FY 2022
CosTco =——=WHOLESALE 4th Quarter FY 2022
Slide 2: Forward-looking statements
Certain statements contained in this document constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions or developments that the Company e
Slide 3: Riverton, UT
Riverton, UT
Slide 4: Anjou, QC Business Center
Anjou, QC Business Center
Slide 5: N Oshawa, ON
N Oshawa, ON
Slide 6: Mibu, JP
Mibu, JP
Slide 7: St. Augustine, FL
St. Augustine, FL
Slide 8: College Station, TX
College Station, TX |
Slide 9: Murrieta, CA
Murrieta, CA
Slide 10: Verona, WI (S Madison)
Verona, WI (S Madison)
Slide 11: Gimhae, KO
Gimhae, KO
Slide 12: Costco Today
Costco Today Q4-end (August 28, 2022) • 3rd Largest Global retailer • 11th Largest in Fortune 500 • $236 Billion market cap
Slide 13: Costco Today
Costco Today Q4-end (August 28, 2022) • Sales $222.7B – FY’22 • 122M Sq. Ft. (146K / whse.) • 304K employees worldwide
Slide 14: Costco Today: Warehouses Worldwide
Costco Today Q4-end (August 28, 2022) 838 Warehouses Worldwide 578 - U.S. 14 - Taiwan 107 - CN 13 - Australia 40 - Mexico 4 - Spain 31 - Japan 2 - France 29 - UK 2 - China 17 - Korea 1 - Iceland
Slide 15: Costco Today: Members
Costco Today Members: • 65.8M households • 118.9M total cardholders • 92.6% renewal rate (U.S. & CN) • $4.2B in membership fees (LTM)
Slide 16: Fiscal Year (MM's)
Fiscal Year (MM’s) 2021 2022 Sales $192,052 $222,730 Gross Margin 11.13% 10.48% Membership 2.02% 1.90% SG&A 9.65% 8.88% Operating Inc. $6,708 $7,793 Net Income $5,007 $5,844 E.P.S. $11.27 $13.14
Slide 17: 4th Quarter (MM's)
4 Quarter (MM’s) th 2021 2022 Sales $61,441 $70,764 +15% Operating Income $2,275 $2,497 +10% Net Income $1,670 $1,868 +12% E.P.S. $3.76 $4.20 +12%
Slide 18: 4th Quarter comparable sales
4 Quarter (MM’s) th US Canada INTL Total Comp Sales +15.8% +13.4% +2.9% +13.7% W/O Gas & FX +9.6% +13.7% +11.3% +10.4% Traffic +5.2% +12.6% +10.4% +7.2% Ticket* +10.0% +0.8% -6.8% +6.0% *Including the impacts from changes in gasoline prices and foreign exchange.
Slide 19: Financial Position (MM's)
Financial Position (MM’s) Q4, FY’22 Cash, Equiv, & STI $11,049 Property & Equipment (net) $24,646 L.T. Debt $6,557 Stockholders’ Equity $20,647
Slide 20: Dividends
Dividends • Initiated May 2004 at $0.40 • Currently at $3.60 annually • Compound Annual Growth Rate 13% • $1.6B Annually
Slide 21: Stock Repurchase & Capital Expenditure
Stock Repurchase & Capital Expenditure FY22 Q4 • $185M repurchased in Q4 • 373k shares repurchased • Capital Expenditure $1.26B in Q4
Slide 22: New Brands
Cosco New Brands Peery . CAT PENOLESINGE 18880 BRIGGS & RILEY @ IMac “ 2, Alaska. WWNPRIEE h AIRLINES BATH REMODEL Ny ® ncaa me Hurley )( Calvin Klein CHAIR nn bebo’ ie ae gui TV [BANANA REPUBLIC SOUTHWEST MARIO
Slide 23: Slide 23
Slide 24: 4th Quarter FY 2022
CosTco =——=WHOLESALE 4th Quarter FY 2022