Customers buy at the Costco Wholesale store 31 January 2025 in Chicago, Illinois.
Scott Olson | Getty Images
Costco On Thursday, he reported to a mission of misses, but in the second quarter he defeated expectations for revenue.
Here’s a wholesale company, compared to what Wall Street expected for a quarter ended on February 16th, based on a research by LSEG analysts:
- Earnings per share: $ 4.02 in relation to $ 4.11
- Income: $ 63.72 billion Compared to the expected $ 63.13 billion
Costca Ron Vachris CEO said even though it is difficult to predict the impact tariffsThe company aims to reduce the increase in the costs for members. A third of his sales in the US is out of imports, he said, and less than half of them come from China, Mexico and Canada.
“In uncertain times, our members historically put even more importance on the value of high quality items at high prices, and our teams will continue to increase this challenge using our global purchasing power, strong relations with suppliers and innovation,” Vachris said.
The revenue in the second quarter increased by 9% to $ 63.72 billion, from $ 58.44 billion during the same quarterly in the fiscal 2024, a net three -hour sales increased by $ 9.1% to $ 62.53 billion, compared to 57.33 billion USD over OSA.
The membership fees in the quarter were $ 1.19 billion, which was $ 1.11 billion in the second quarter of 2024, and the company reported 78.4 million paid members and 140.6 million card owners. The Costcova Restoration rate in the world was 90.5%, an increase of 0.1% compared to the last quarter.
Seller raised His annual membership fee in September for the first time since 2017, although CFO Gary Millerchip said that the impact of increase on the total number of fees in this quarter was only 3%.
Costco reported a net revenue for the second quarter of $ 1.79 billion, or $ 4.02 per share, compared to a net revenue of $ 1.74 billion, or $ 3.92 per share, during the second quarter of the Fiscal 2024.
A three-month comparable sales, which Costco defines as a sale from warehouse and web site for e-commerce open for more than a year, has increased 6.8% of the year, compared to an assessment of the Stroetaccount of 6.4%, and increased 8.3% in US comparable sales by 20.9% in the year.
The Fresh Foods Costc category experienced growth in high one -core digits, Millerchip said. Continuing the trend in the last quarter, the sale of meat increased with two -core digits, Millerchip said, as consumers moved to lower protein costs such as ground beef.
Meat and bakery compartments led to the Fresh Foods category to run Costc categories in inflation, although the total inflation was in low one -core digits, he added.
