Slide 1: Costco 1st Quarter FY 2024
CosTco 1st Quarter FY 2024
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
Slide 3: St. John, MO (Bus. Ctr)
St. John, MO (Bus. Ctr)
Slide 4: Billings, MT (NRL)
Billings, MT (NRL)
Slide 5: NW Toronto (Islington), ON
NW Toronto (Islington), ON
Slide 6: Clermont, FL
Clermont, FL "
Slide 7: Hendersonville, TN
‘ a 5 > Hendersonville, TN
Slide 8: Stockbridge, GA
Stockbridge, GA
Slide 9: Scarborough, ME
| Scarborough, ME
Slide 10: Newark, CA
Newark, CA
Slide 11: Noblesville, IN
a ers Noblesville,
Slide 12: Marysville, CA
Marysville, CA
Slide 13: Costco Today
Costco Today Q1-end (November 26, 2023) • 3rd Largest Global retailer • 12th Largest in Fortune 500 • $262 Billion market cap
Slide 14: Costco Today
Costco Today Q1-end (November 26, 2023) • Sales $241B (LTM) • 128M Sq. Ft. (147K / whse.) • 316K employees worldwide
Slide 15: Costco Today: Warehouses Worldwide
Costco Today Q1-end (November 26, 2023) 870 Warehouses Worldwide 599 - U.S. 15 - Australia 108 - CN 5 - China 40 - Mexico 4 - Spain 33 - Japan 2 - France 29 - UK 1 - Iceland 18 - Korea 1 - New Zealand 14 - Taiwan 1 - Sweden
Slide 16: Costco Today: Members
Costco Today Members: • 72.0M households • 129.5M total cardholders • 92.8% renewal rate (U.S. & CN) • $4.7B in membership fees (LTM)
Slide 17: Fiscal Year (MM's)
Fiscal Year (MM’s) 2022 2023 Sales $222,730 $237,710 Gross Margin 10.48% 10.57% Membership 1.90% 1.93% SG&A 8.88% 9.08% Operating Inc. $7,793 $8,114 Net Income $5,844 $6,292 Diluted E.P.S. $13.14 $14.16
Slide 18: 1st Quarter (MM's)
st 1 Quarter (MM’s) 2023 2024 Sales $53,437 $56,717 +6% Operating Income $1,751 $1,984 +13% Net Income $1,364 $1,589 +16% Diluted E.P.S. $3.07 $3.58 +17%
Slide 19: 1st Quarter (MM's) comparable sales
st 1 Quarter (MM’s) US Canada INTL Total Comp Sales +2.0% +6.4% +11.2% +3.8% W/O Gas & FX +2.6% +8.2% +7.1% +3.9% Traffic +3.6% +7.7% +6.0% +4.7% Ticket* -1.6% -1.2% +4.9% -0.9% *Including the impacts from changes in gasoline prices and foreign exchange.
Slide 20: Financial Position (MM's)
Financial Position (MM’s) Q1, FY’24 Cash, Equiv, & STI $17,864 Property & Equipment (net) $27,168 L.T. Debt $6,946 Stockholders’ Equity $26,147
Slide 21: Dividends
Dividends • Initiated May 2004 at $0.40 • Currently at $4.08 annually • Compound Annual Growth Rate 13% • $1.8B Annually
Slide 22: Stock Repurchase & Capital Expenditure
Stock Repurchase & Capital Expenditure FY24 Q1 • $162M repurchased in Q1 • 288k shares repurchased • Capital Expenditure $1.04B in Q1
Slide 23: New Brands
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Slide 25: Costco 1st Quarter FY 2024
CosTco 1st Quarter FY 2024