Costco Wholesale Corporation · NASDAQ:COST
Costco Wholesale — Q3 2024 Earnings Presentation
8 slides from Costco Wholesale's earnings presentation, May 30, 2024
Slide 1: 3rd Quarter FY 2024 Supplemental Information
3rd Quarter FY 2024 Supplemental Information 1
Slide 2: Q3 Highlights - Sales
Q3 Highlights - Sales $57.4B +6.6% +6.1% +20.7% Comparable Sales Comparable Traffic E-Comm Comparable Sales Net Sales +9.1% Growth +6.5% +0.5% +20.7% Adjusted Comparable Sales1 Comparable Ticket Adjusted E-Comm Comparable Sales2 Other Total Comp Sales US Canada International Company Sales +6.2% +7.7
Slide 3: Q3 Highlights - Financial Performance
Q3 Highlights - Financial Performance Gross Margin SG&A 10.84% 8.96% Net Income Diluted EPS +52 bps vs. Q3 FY’23 +15 bps vs. Q3 FY’23 +54 bps ex. gas impact +12 bps ex. gas impact $1.68B $3.78 Reported Ex Gas Reported Ex Gas +29.1% Growth* +29.0% Growth* Core 0bps +2bps Ops +14bps +12bps Other Bus -
Slide 4: Q3 Highlights - Membership
Q3 Highlights - Membership +7.6% 90.5% Membership Income Growth Worldwide Membership Renewal Rate +8.0% 93.0% Membership Income US/CN Renewal Rate Growth ex-FX 74.5MM 34.5MM Paid Memberships Executive Memberships +7.8% Growth 133.9MM 73.1% Total Cardholders Penetration of Sales to +7.4% Growth Execu
Slide 5: Q3 Highlights - Digital
Q3 Highlights - Digital +20.7% +20.7% E-Comm Comparable Sales Adjusted E-Comm Comparable Sales1 Top Sales Categories: - Appliances - Gold / Silver Bullions - Gift Cards / e-Tickets Digital Metrics: - New Mobile Application Downloads: +32% - Site Traffic: +16% - Average Order Value: +8% - Costco Logi
Slide 6: Q3 Highlights - Warehouse Expansion
Q3 Highlights - Warehouse Expansion Daytona, FL 2/22/24 Natomas, CA: 3/14/24 Q4 FY’23 Rest of FY FY’24 End Q1 Q2 Q3 End (Estimated) (Estimated) US 591 8 3 2 10 614 Canada 107 1 - - - 108 Other International 163 - 1 - 4 168 Total 861 9 4 2 14 890 6
Slide 7: Q3 Highlights - New Member Values
Q3 Highlights - New Member Values Lowering Prices New Items KS Walking Shoes KS Daily Makeup Remover Towelettes KS Farmed Shrimp KS Organic Pine Nuts $1 price reduction from $29.99 to $24.99 as of 5/21 KS Morning Buns KS Lemon Blueberry Loaf 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