The sign on the side of a Costco is seen in Hawthorne, California, April 4, 2025.
Jay L Clendenin | Getty images
Costco Thursday, the profits and quarterly revenues that exceeded estimates, because its sales increased by 8%.
Here is how the warehouse club retailer did during his third tax quarter compared to what Wall Street was waiting, on the basis of a survey of LSEG analysts:
- Profit by action: $ 4.28 against $ 4.24 expected
- Income: $ 63.21 billion against $ 63.19 billion expected
Costco’s net income for the three -month period which ended on May 11 reached $ 1.90 billion, or $ 4.28 per share, against $ 1.68 billion, or $ 3.78 a year earlier. Revenues increased from $ 58.52 billion in the previous period.
Comparable sales, a metric from the industry that eliminates occasional factors such as openings and store closures, increased by 8% and sales of electronic commerce increased by almost 16% compared to the period of the previous year, to the exclusion of gas and the impact of changes in exchange.
While prices increase economic concerns and potentially consumer prices, Costco could benefit from it. An unpredictable price policy could help drive more customers to the Warehouse Club, which is known for its competitive prices and its bulk discounts, and encourage them to renew members. Its clubs also sell gases at reduced prices and grocery products, which are more regular traffic drivers even when consumers withdraw on expenses. And compared to certain other retailers, Costco has a stronger hand in price negotiations with suppliers because of its large size.
Unlike many other retailers, Costco does not provide annual prospects. He should share more details on quarterly results on a profit call scheduled for 5 p.m. HE.
When calling the company’s results in March, CEO Ron Vachris said Customers count more on Costco in a difficult economy.
“In uncertain times, our members have historically attached even more important to the value of high -quality articles at advantageous prices, and our teams will continue to take up this challenge by taking advantage of our global purchasing power, solid relations with suppliers and innovation,” said Vachris at the time.
About a third of US Costco sales are goods brought by other countries, with less than half of these imports from China, Mexico and Canada, Vachris said in March.
However, prices could also add expenses for Costco, which could mean higher prices for buyers. Earlier Thursday, Best purchase CEO Corie Barry said The retailer had already increased prices On some consumer electronics due to prices. Cosmetics Elf beauty announcement An increase in prices On its makeup last week. And Walmart Financial director John David Rainey warned earlier this month Higher prices arrived to the discounter stores and the website at the end of May or in June.
From Thursday’s fence, Costco’s actions have increased by around 10% so far this year. This exceeded gains less than 1% of the S&P 500 during the same period.
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