Costco Wholesale Corporation · NASDAQ:COST
Costco Wholesale — Q4 2023 Earnings Presentation
24 slides from Costco Wholesale's earnings presentation, Sep 26, 2023
Slide 1: 4th Quarter FY 2023
CosTco =——=WHOLESALE 4th Quarter FY 2023
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: N. Tulsa, OK
N. Tulsa, OK
Slide 4: Yinzhou, CHN (Ningbo)
= =e Cee a Pa Yinzhou, CHN | Ba
Slide 5: Gold Coast, AU
a <= 9 Gold Coast
Slide 6: Buckeye, AZ
i “= ae Bette. ks Pes ;
Slide 7: Georgetown, TX (N. Austin)
Georgetown, TX (N. Austin)
Slide 8: NE Denver, CO
NE Denver, CO
Slide 9: N. Canton, OH
ee N. Canton, OH
Slide 10: Kadoma, JP
Kadoma, JP
Slide 11: Hangyong, CHN (Hangzhou)
= : Hangyong, CHN (Hangzhou) | i eee eee ee
Slide 12: Costco Today
Costco Today Q4-end (September 3, 2023) • 3rd Largest Global retailer • 11th Largest in Fortune 500 • $242 Billion market cap
Slide 13: Costco Today
Costco Today Q4-end (September 3, 2023) • Sales $238B (LTM) • 126M Sq. Ft. (147K / whse.) • 310K employees worldwide
Slide 14: Costco Today: Warehouses Worldwide
Costco Today Q4-end (September 3, 2023) 861 Warehouses Worldwide 591 - U.S. 15 - Australia 107 - CN 4 - Spain 40 - Mexico 5 - China 33 - Japan 2 - France 29 - UK 1 - Iceland 18 - Korea 1 - New Zealand 14 - Taiwan 1 - Sweden
Slide 15: Costco Today: Members
Costco Today Members: • 71.0M households • 127.9M total cardholders • 92.7% renewal rate (U.S. & CN) • $4.6B in membership fees (LTM)
Slide 16: Fiscal Year (MM's)
Fiscal Year (MM’s) 2022 2023 Sales $222,730 $237,710 Gross Margin 10.48% 10.60% Membership 1.90% 1.95% SG&A 8.88% -8.96% Operating Inc. $7,793 $8,114 Net Income $5,844 $6,292 Diluted E.P.S. $13.14 $14.16
Slide 17: 4th Quarter (MM's)
4 Quarter (MM’s) th 2022 2023 Sales $70,763 $77,430 +9% Operating Income $2,497 $2,781 +11% Net Income $1,868 $2,160 +16% Diluted E.P.S. $4.20 $4.86 +16%
Slide 18: 4th Quarter comparable sales
4 Quarter (MM’s) th US Canada INTL Total Comp Sales +0.2% +1.8% +5.5% +1.1% W/O Gas & FX +3.1% +7.4% +4.4% +3.8% Traffic +5.0% +8.0% +3.8% +5.2% Ticket* -4.6% -5.7% +1.6% -3.9% *Including the impacts from changes in gasoline prices and foreign exchange.
Slide 19: Financial Position (MM's)
Financial Position (MM’s) Q4, FY’23 Cash, Equiv, & STI $15,234 Property & Equipment (net) $26,684 L.T. Debt $5,377 Stockholders’ Equity $25,058
Slide 20: Dividends
Dividends • Initiated May 2004 at $0.40 • Currently at $4.08 annually • Compound Annual Growth Rate 13% • $1.8B Annually
Slide 21: Stock Repurchase & Capital Expenditure
Stock Repurchase & Capital Expenditure FY23 Q4 • $230M repurchased in Q4 • 433k shares repurchased • Capital Expenditure $1.56B in Q4
Slide 22: New Brands
LOsTSe New Brands GB FLEXSTEEL FRYE ater tind L{YVE NATION BATH REMODEL y DIAMONDBACK -%S. 4 Hydro Flask Zesty Paw, Calvin Klein dilate ryt cEMIPWich, ADELTA eB |. 2 a we WELLNESS PET COMPANY eal \A AUTHENTIC WAGYU Hurley )(
Slide 23: Slide 23
Slide 24: 4th Quarter FY 2023
CosTco =——=WHOLESALE 4th Quarter FY 2023