Costco Wholesale Corporation · NASDAQ:COST
Costco Wholesale — Q2 2025 Earnings Presentation
9 slides from Costco Wholesale's earnings presentation, Mar 6, 2025
Slide 1: 2nd Quarter FY 2025 Supplemental Information
2nd Quarter FY 2025 Supplemental Information 1
Slide 2: Q2 Highlights - Sales
Q2 Highlights - Sales $62.5B +6.8% +1.0% +20.9% Comparable Ticket Net Sales Comparable Sales +5.7% E-Comm Comparable Sales +9.1% Comparable Traffic +3.2% +22.2% +9.1% Growth Adjusted Adjusted Comparable Sales1 Adjusted E-Comm Comparable Sales2 Comparable Ticket1 1 - Excluding impacts from changes in
Slide 3: Q2 Highlights - Sales - Segment Reporting
Q2 Highlights – Sales - Segment Reporting Other Total Comp Sales US Canada International Company Sales +8.3% +4.6% +1.7% +6.8% Ticket +2.6% -1.1% -4.3% +1.0% Traffic +5.6% +5.8% +6.3% +5.7% Adjusted Other Total US Canada Comp Sales1 International Company Sales +8.6% +10.5% +10.3% +9.1% Ticket +2.8%
Slide 4: Q2 Highlights - Financial Performance
Q2 Highlights - Financial Performance Gross Margin SG&A 10.85% 9.06% Net Income Diluted EPS +5 bps vs. Q2 FY’24 +8 bps vs. Q2 FY’24 +4 bps ex. gas impact +9 bps ex. gas impact $1.79B $4.02 Reported Ex Gas1 Reported Ex Gas1 +2.6% Growth* +2.6% Growth* Core +5bps +4bps Ops +7bps +8bps Other Bus +1bp 0
Slide 5: Q2 Highlights - Membership
Q2 Highlights - Membership +7.4% 90.5% Membership Income Worldwide Membership Growth Renewal Rate +9.4% Membership Income 93.0% Growth ex-FX US/CN Renewal Rate 78.4MM 36.9MM Paid Memberships Executive Memberships +6.8% Growth 140.6MM 73.8% Total Cardholders Penetration of Sales to +6.6% Growth Execu
Slide 6: Q2 Highlights - Digital
Q2 Highlights - Digital +20.9% +22.2% E-Comm Comparable Sales Adjusted E-Comm Comparable Sales1 Top Sales Categories: - Gold and Jewelry - Home Furnishings - Small Electrics - Hardware - Sporting Goods - Housewares - Toys Digital Metrics: - Site Traffic: +13% - Average Order Value: +10% - Costco Log
Slide 7: Q2 Highlights - Warehouse Expansion
Q2 Highlights - Warehouse Expansion Q4 FY’24 Rest of FY FY’25 End FY’25 Q1 FY’25 Q2 End (Estimated) (Estimated) US 614 2 1 12 629 Canada 108 1 - 2 111 Other International 168 3 - 4 175 Total 890 6 1 18 915 Pleasanton, California: 11/27/24 7
Slide 8: Q2 Highlights - New Member Values
Q2 Highlights - New Member Values Lowering Every New Items Day Low Prices KS Organic Peanut Butter KS Tortilla Strips KS Unsalted Pistachios KS Vodka + Soda 13% Reduction 12% Reduction KS Refined Olive Oil KS Diapers 7% Reduction KS French Fries 5lbs (improved and increased value) 8
Slide 9: 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