Costco Wholesale Corporation · NASDAQ:COST

Costco Wholesale — Q1 2023 Earnings Presentation

23 slides from Costco Wholesale's earnings presentation, Dec 8, 2022

  1. Slide 1: 1st Quarter FY 2023

    CosTco =——=WHOLESALE 1st Quarter FY 2023

  2. 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

  3. Slide 3: Auckland, NZ

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  4. Slide 4: Gocheok, Korea

    Gocheok, Korea ———_————— i CS

  5. Slide 5: University City, MO

    “University City, MO-

  6. Slide 6: Stockholm, Sweden

    Stockholm, Sweden eh OR

  7. Slide 7: Athens, GA

    Athens, GA

  8. Slide 8: Liberty Township, OH (Relo)

    Liberty Township, OH (Relo)

  9. Slide 9: Ankeny, IA

    Ankeny, IA

  10. Slide 10: Logan, UT

    Logan, UT

  11. Slide 11: Costco Today

    Costco Today Q1-end (November 20, 2022) • 3rd Largest Global retailer • 11th Largest in Fortune 500 • $232 Billion market cap

  12. Slide 12: Costco Today

    Costco Today Q1-end (November 20, 2022) • Sales $226.7B (LTM) • 124M Sq. Ft. (146K / whse.) • 304K employees worldwide

  13. Slide 13: Costco Today: Warehouses Worldwide

    Costco Today Q1-end (November 20, 2022) 845 Warehouses Worldwide 582 - U.S. 13 - Australia 107 - CN 4 - Spain 40 - Mexico 2 - France 31 - Japan 2 - China 29 - UK 1 - Iceland 18 - Korea 1 - New Zealand 14 - Taiwan 1 - Sweden

  14. Slide 14: Costco Today: Members

    Costco Today Members: • 66.9M households • 120.9M total cardholders • 92.5% renewal rate (U.S. & CN) • $4.3B in membership fees (LTM)

  15. Slide 15: 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 Diluted E.P.S. $11.27 $13.14

  16. Slide 16: 1st Quarter (MM's)

    1 Quarter (MM’s) st 2022 2023 Sales $49,417 $53,437 +8% Operating Income $1,693 $1,751 +3% Net Income $1,324 $1,364 +3% Diluted E.P.S. $2.98 $3.07 +3%

  17. Slide 17: 1st Quarter (MM's) comparable sales

    1 Quarter (MM’s) st US Canada INTL Total Comp Sales +9.3% +2.4% -3.1% +6.6% W/O Gas & FX +6.5% +8.3% +9.1% +7.1% Traffic +2.2% +7.1% +7.7% +3.9% Ticket* +6.9% -4.4% -10.0% +2.6% *Including the impacts from changes in gasoline prices and foreign exchange.

  18. Slide 18: Financial Position (MM's)

    Financial Position (MM’s) Q1, FY’23 Cash, Equiv, & STI $11,673 Property & Equipment (net) $25,144 L.T. Debt $6,543 Stockholders’ Equity $21,476

  19. Slide 19: Dividends

    Dividends • Initiated May 2004 at $0.40 • Currently at $3.60 annually • Compound Annual Growth Rate 13% • $1.6B Annually

  20. Slide 20: Stock Repurchase & Capital Expenditure

    Stock Repurchase & Capital Expenditure FY23 Q1 • $142M repurchased in Q1 • 285k shares repurchased • Capital Expenditure $1.06B in Q1

  21. Slide 21: New Brands

    cosrco 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

  22. Slide 22: Slide 22

  23. Slide 23: 1st Quarter FY 2023

    CosTco =——=WHOLESALE 1st Quarter FY 2023

Costco Wholesale — Q1 2023 Earnings Presentation on 6ix