The earnings call highlighted strong financial growth, record-breaking warehouse openings, and impressive e-commerce and membership expansion. However, challenges included slight declines in membership renewal rates and impacts from gasoline deflation and potential tariffs. Overall, the positive achievements predominantly overshadowed the lowlights.

Company Guidance

During Costco's Q1 2025 earnings call, detailed guidance was provided on various performance metrics. The company reported a net income of $1.798 billion, or $4.04 per diluted share, which marked an increase from $1.589 billion, or $3.58 per diluted share, in the same quarter the previous year. Net sales grew by 7.5% to $60.99 billion. U.S. comparable sales increased by 5.2%, while Canada and other international comparable sales rose by 5.8% and 4.7%, respectively. E-commerce sales saw a significant increase of 13%. Membership fee income grew by 7.8% to $1.166 billion, with renewal rates slightly down to 92.8% in the U.S. and Canada. The company also highlighted a gross margin increase of 24 basis points year-over-year to 11.28%. Capital expenditures for the quarter were approximately $1.26 billion, with full-year expectations set at about $5 billion. The call also discussed Costco's continued expansion plans, including 29 new warehouse openings in fiscal year 2025, with a focus on international growth.

Record Warehouse Openings

Costco opened 7 new warehouses in Q1 2025, including 1 relocation, resulting in 6 net new buildings, with 4 outside of the U.S. The newest warehouse in Pleasanton, California, achieved the highest-ever opening day sales for a U.S. warehouse at $2.9 million.

Strong Financial Performance

Net income for Q1 2025 was $1.798 billion, or $4.04 per diluted share, up from $1.589 billion, or $3.58 per diluted share, in Q1 2024. Net sales increased by 7.5% to $60.99 billion.

E-commerce Growth

E-commerce comp sales were up 13%, with Costco Logistics completing nearly 1 million deliveries in Q1. The majority of these deliveries were completed in 4 days from order.

Membership Growth

Costco ended Q1 2025 with 77.4 million paid household members, a 7.6% increase from the previous year. Paid Executive Memberships grew by 9.2%.

Innovative Product Offerings

Introduction of new Kirkland Signature products and partnerships with brands like Peloton and Wrangler. Notable product sales included 4.2 million pies sold before Thanksgiving and record sales in food courts on Halloween.

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Costco (DE:CTO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:CTO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 04, 2018	2018 (Q4)	- / 2.29	2.016	13.46% (+0.27)	―	―
Dec 13, 2018	2019 (Q1)	- / 1.56	1.318	18.38% (+0.24)	―	―
May 30, 2019	2019 (Q2)	- / 1.95	1.377	41.55% (+0.57)	―	―
May 30, 2019	2019 (Q3)	- / -	1.377	―	―	―
Oct 03, 2019	2019 (Q4)	- / 2.61	2.288	13.98% (+0.32)	―	―
Dec 12, 2019	2020 (Q1)	- / 1.68	1.561	7.45% (+0.12)	―	―
May 28, 2020	2020 (Q3)	- / -	1.949	―	―	―
May 28, 2020	2020 (Q2)	- / 2.04	1.949	4.48% (+0.09)	―	―
Sep 24, 2020	2020 (Q4)	- / 3.40	2.608	30.48% (+0.79)	―	―
Dec 10, 2020	2021 (Q1)	- / 2.22	1.677	32.37% (+0.54)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:CTO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 12, 2024	€950.30	€954.00	+0.39%
Sep 26, 2024	€807.52	€793.14	-1.78%
May 30, 2024	€750.85	€734.39	-2.19%
Mar 07, 2024	€708.92	€668.70	-5.67%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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