NASDAQ:COST
Costco Stock Earnings Reports
$1,071.85
-5.01 (-0.465%)
At Close: Feb 14, 2025
Costco Earnings Calls
Q4 2024
Beat
$3.82 (0.792%)
Release date | Dec 12, 2024 |
EPS estimate | $3.79 |
EPS actual | $3.82 |
EPS Surprise | 0.792% |
Revenue estimate | 62.05B |
Revenue actual | 62.151B |
Revenue Surprise | 0.163% |
Q3 2024
Beat
$5.29 (4.13%)
Release date | Sep 26, 2024 |
EPS estimate | $5.08 |
EPS actual | $5.29 |
EPS Surprise | 4.13% |
Revenue estimate | 79.911B |
Revenue actual | 79.697B |
Revenue Surprise | -0.268% |
Q2 2024
Beat
$3.78 (2.16%)
Release date | May 30, 2024 |
EPS estimate | $3.70 |
EPS actual | $3.78 |
EPS Surprise | 2.16% |
Revenue estimate | 58.023B |
Revenue actual | 58.515B |
Revenue Surprise | 0.85% |
Q1 2024
Beat
$3.92 (8.29%)
Release date | Mar 07, 2024 |
EPS estimate | $3.62 |
EPS actual | $3.92 |
EPS Surprise | 8.29% |
Revenue estimate | 59.111B |
Revenue actual | 58.442B |
Revenue Surprise | -1.13% |
Last 4 Quarters for Costco
Below you can see how COST performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q1 2024
Beat
Release date | Mar 07, 2024 |
Fiscal end date | Feb 18, 2024 |
Price on release | $785.59 |
EPS estimate | $3.62 |
EPS actual | $3.92 |
EPS surprise | 8.29% |
Date | Price |
---|---|
Mar 01, 2024 | $749.44 |
Mar 04, 2024 | $759.18 |
Mar 05, 2024 | $759.95 |
Mar 06, 2024 | $773.24 |
Mar 07, 2024 | $785.59 |
Mar 08, 2024 | $725.56 |
Mar 11, 2024 | $714.08 |
Mar 12, 2024 | $736.88 |
Mar 13, 2024 | $734.20 |
4 days before | 4.82% |
4 days after | -6.54% |
On release day | -7.64% |
Change in period | -2.03% |
Q2 2024
Beat
Release date | May 30, 2024 |
Fiscal end date | May 12, 2024 |
Price on release | $815.34 |
EPS estimate | $3.70 |
EPS actual | $3.78 |
EPS surprise | 2.16% |
Date | Price |
---|---|
May 23, 2024 | $796.34 |
May 24, 2024 | $809.73 |
May 28, 2024 | $813.17 |
May 29, 2024 | $806.52 |
May 30, 2024 | $815.34 |
May 31, 2024 | $809.89 |
Jun 03, 2024 | $815.39 |
Jun 04, 2024 | $827.39 |
Jun 05, 2024 | $834.30 |
4 days before | 2.39% |
4 days after | 2.33% |
On release day | -0.668% |
Change in period | 4.77% |
Q3 2024
Beat
Release date | Sep 26, 2024 |
Fiscal end date | Sep 01, 2024 |
Price on release | $901.44 |
EPS estimate | $5.08 |
EPS actual | $5.29 |
EPS surprise | 4.13% |
Date | Price |
---|---|
Sep 20, 2024 | $906.98 |
Sep 23, 2024 | $917.08 |
Sep 24, 2024 | $901.54 |
Sep 25, 2024 | $908.42 |
Sep 26, 2024 | $901.44 |
Sep 27, 2024 | $885.62 |
Sep 30, 2024 | $886.52 |
Oct 01, 2024 | $877.38 |
Oct 02, 2024 | $878.53 |
4 days before | -0.611% |
4 days after | -2.54% |
On release day | -1.75% |
Change in period | -3.14% |
Q4 2024
Beat
Release date | Dec 12, 2024 |
Fiscal end date | Nov 24, 2024 |
Price on release | $988.39 |
EPS estimate | $3.79 |
EPS actual | $3.82 |
EPS surprise | 0.792% |
Date | Price |
---|---|
Dec 06, 2024 | $992.61 |
Dec 09, 2024 | $987.86 |
Dec 10, 2024 | $993.40 |
Dec 11, 2024 | $994.69 |
Dec 12, 2024 | $988.39 |
Dec 13, 2024 | $989.35 |
Dec 16, 2024 | $992.87 |
Dec 17, 2024 | $982.08 |
Dec 18, 2024 | $964.74 |
4 days before | -0.425% |
4 days after | -2.39% |
On release day | 0.0971% |
Change in period | -2.81% |
Costco Earnings Call Transcript Summary of Q4 2024
- Financial Performance:
- Net Income: $2.354 billion, or $5.29 per diluted share, up from $2.16 billion ($4.86/share) YoY; a non-recurring tax benefit of $63 million impacted this quarter.
- Net Sales: $78.2 billion, an increase of 1% YoY, equating to a 7.3% growth when adjusted for an extra week from last year.
- Comparable Sales: U.S. comp sales were up 5.3%; Canada was up 5.5%; International comp sales were up 5.7%.
- Warehouse Expansion:
- Opened 30 new warehouses in FY2024, including 1 in Maine and the 600th U.S. location in Eau Claire, Wisconsin.
- Plans to open 29 new warehouses in FY2025, 12 of which are outside the U.S. Significant international growth includes a new location in Zaragoza, Spain.
- E-Commerce Growth:
- E-commerce comp sales increased 18.9%.
- Costco Logistics handled over 4.5 million items, up 29% YoY, with significant growth in big and bulky items.
- Memberships:
- Ended Q4 with 76.2 million paid household members, a 7.3% YoY increase.
- Membership fee income of $1.512 billion, a slight increase, with renewal rates holding steady around 92.9% in the U.S. and Canada.
- Operational Efficiency:
- Gross margin improved to 11%, aided by e-commerce growth.
- Continued investments in technology improved user experience, notably through the introduction of membership card scanners that are enhancing throughput at checkout.
- Cost Management:
- SG&A expenses were higher but managed through operational efficiencies.
- Interest expenses decreased due to $1 billion debt paydown in Q4, leading to reduced interest costs.
- Market Outlook:
- The company remains focused on strategic pricing, especially in reaction to inflationary trends. There are mixed views on inflation, with some categories experiencing deflation.
- Competitive pricing remains a key strategy, aligning pricing competitively while emphasizing value.
- Upcoming Changes:
- Membership fee increase was implemented on September 1, which will have a delayed impact on income as per the revenue recognition rules.
- Investments in employee wages support retention and productivity aligned with the company’s culture.
- Consumer Behavior Insights:
- Members are increasingly focused on quality and value. A shift is observed from dining out to eating at home, impacting sales in food and sundries.
- Future Opportunities:
- Continued focus on Kirkland Signature products is driving member value, with plans for new offerings in the coming year.
- Expansion of ancillary businesses, including pharmacy and optical, showed strong growth.
Costco Earnings History
Earnings Calendar
FAQ
When is the earnings report for COST?
Costco (COST) has scheduled its earnings report for Mar 06, 2025 after the markets close.
What is the COST price-to-earnings (P/E) ratio?
COST P/E ratio as of Feb 14, 2025 (TTM) is 62.42.
What is the COST EPS forecast?
The forecasted EPS (Earnings Per Share) for Costco (COST) for the first fiscal quarter 2025 is $4.07.
What are Costco's retained earnings?
On its balance sheet, Costco reported retained earnings of $62.15 billion for the latest quarter ending Nov 24, 2024.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.