Costco Wholesale Corporation · NASDAQ:COST
Costco Wholesale — Q1 2025 Earnings Presentation
8 slides from Costco Wholesale's earnings presentation, Dec 12, 2024
Slide 1: 1st Quarter FY 2025 Supplemental Information
1st Quarter FY 2025 Supplemental Information 1
Slide 2: Q1 Highlights - Sales
Q1 Highlights - Sales $61.0B +5.2% +5.1% +13.0% Comparable Sales Comparable Traffic E-Comm Comparable Sales Net Sales +7.5% Growth +7.1% +0.1% +13.2% Adjusted Comparable Sales1 Comparable Ticket Adjusted E-Comm Comparable Sales2 Other Total Comp Sales US Canada International Company Sales +5.2% +5.8
Slide 3: Q1 Highlights - Financial Performance
Q1 Highlights - Financial Performance Gross Margin SG&A 11.28% 9.59% Net Income Diluted EPS +24 bps vs. Q1 FY’24 -14 bps vs. Q1 FY’24 $1.80B $4.04 +7 bps ex. gas impact Flat ex. gas impact Reported Ex Gas Reported Ex Gas +13.2% Growth* +12.8% Growth* Core +31bps +17bps Ops -15bps -4bps Other Bus -12
Slide 4: Q1 Highlights - Membership
Q1 Highlights - Membership +7.8% 90.4% Membership Income Worldwide Membership Growth Renewal Rate +7.8% Membership Income 92.8% US/CN Renewal Rate Growth ex-FX 77.4MM 36.4MM Paid Memberships Executive Memberships +7.6% Growth 138.8MM 73.1% Total Cardholders Penetration of Sales to +7.2% Growth Execu
Slide 5: Q1 Highlights - Digital
Q1 Highlights - Digital +13.0% +13.2% E-Comm Comparable Sales Adjusted E-Comm Comparable Sales1 Top Sales Categories: - Gold and Jewelry - Hardware - Gift Cards - Home Furnishings - Health and Beauty Aids - Sporting Goods Digital Metrics: - Site Traffic: +16% - Average Order Value: +4% - Costco Logi
Slide 6: Q1 Highlights - Warehouse Expansion
Q1 Highlights - Warehouse Expansion Zaragoza, ES: 9/13/24 Napa, California: 10/18/24 Q4 FY’24 Rest of FY FY’25 End FY’25 Q1 End (Estimated) (Estimated) US 614 2 14 630 Canada 108 1 2 111 Other International 168 3 4 175 Total 890 6 20 916 6
Slide 7: Q1 Highlights - New Member Values
Q1 Highlights - New Member Values Lowering Every New Items Day Low Prices Meatball Sub KS Oxi Powder KS 3 Ply Ultra Facial Tissue KS Chicken Stock 6% Reduction 11% Reduction KS Food Storage Bags KS Butter Chicken with (Various Sizes) Naan Bread 7
Slide 8: Safe Harbor
Safe Harbor 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 t