Costco Wholesale Corporation · NASDAQ:COST
Costco Wholesale — Q4 2024 Earnings Presentation
8 slides from Costco Wholesale's earnings presentation, Sep 26, 2024
Slide 1: 4th Quarter FY 2024 Supplemental Information
4th Quarter FY 2024 Supplemental Information 1
Slide 2: Q4 Highlights - Sales
Q4 Highlights - Sales $78.2B +5.4% +6.4% +18.9% Comparable Sales Comparable Traffic E-Comm Comparable Sales Net Sales +1.0% Growth1 +6.9% -0.9% +19.5% Adjusted Comparable Sales2 Comparable Ticket Adjusted E-Comm Comparable Sales3 Other Total Comp Sales US Canada International Company Sales +5.3% +5.
Slide 3: Q4 Highlights - Financial Performance
Q4 Highlights - Financial Performance Gross Margin SG&A 11.00% 9.04% Net Income Diluted EPS +40 bps vs. Q4 FY’23 -8 bps vs. Q4 FY’23 +33 bps ex. gas impact -2 bps ex. gas impact $2.35B $5.29 Reported Ex Gas Reported Ex Gas +9.0% Growth* +8.8% Growth* Core -5bps -11bps Ops -4bps 0bps Other Bus +44bps
Slide 4: Q4 Highlights - Membership
Q4 Highlights - Membership +6.5%* 90.5% Membership Income Growth (Normalized) Worldwide Membership Renewal Rate +7.4%* 92.9% Membership Income US/CN Renewal Rate Growth ex-FX (Norm.) 76.2MM 35.4MM Paid Memberships Executive Memberships +7.3% Growth 136.8MM 73.5% Total Cardholders Penetration of Sale
Slide 5: Q4 Highlights - Digital
Q4 Highlights - Digital +18.9% +19.5% E-Comm Comparable Sales Adjusted E-Comm Comparable Sales1 Top Sales Categories: - Appliances - Gold / Silver Bullion - Home Furnishings - Gift Cards Digital Metrics (Normalized for 16-weeks): - New Mobile Application Downloads: +29% - Site Traffic: +8% - Average
Slide 6: Q4 Highlights - Warehouse Expansion
Q4 Highlights - Warehouse Expansion Nanjing, China: 5/28/24 Cheongna, Korea: 8/22/24 Q4 FY’23 FY’24 FY’24 Q4 FY’24 End FY’25 (E) End Q1 - Q3 US 591 13 10 614 630 Canada 107 1 - 108 111 Other International 163 1 4 168 175 Total 861 15 14 890 916 6
Slide 7: Q4 Highlights - New Member Values
Q4 Highlights - New Member Values Lowering Every New Items Day Low Prices KS Tempura Shrimp Taco KS Take and Bake Pizza Kit KS Baguette 2pk KS Cashews 17% Reduction 4% Reduction KS Organic Golden Maple KS All Butter Pound Cake Syrup 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