Costco Wholesale Corporation (NASDAQ:COST, ETR:CTO) reported better-than-expected earnings for the first quarter of fiscal 2025. The retail giant's results were buoyed by robust revenue growth, strong e-commerce performance, and rising membership fees.
The company posted earnings per share (EPS) of $4.04, surpassing analysts’ expectations of $3.79. Total revenue reached $62.15 billion, slightly exceeding the consensus estimate of $61.98 billion.
Net sales accounted for $60.99 billion, a 7.5% increase from the same period last year, while net income grew 13% year-over-year to $1.79 billion.
Comparable sales for the quarter rose 5.2%, including gasoline and foreign exchange impacts, though just shy of the estimated 5.67% increase. Excluding those factors, comparable sales increased 7.2%, beating expectations of 6.26%. E-commerce was a standout segment, growing 13% year-over-year.
Costco’s membership-based model and competitive pricing continue to attract value-focused consumers, even in a challenging retail landscape. The company operates 897 warehouses worldwide and has seen strong growth in membership fees and international markets, which remain key drivers of its expansion.
Shares of Costco got an initial bump in afterhours trading but settled around closing levels following the release of its earnings.