Costco (COST) Earnings Q1 2025 Earnings

Costco on Thursday beat Wall Street’s quarterly profit and revenue estimates, boosted in part by higher membership fees.

According to an LSEG analyst survey, Warehouse Club performed as follows in the fiscal first quarter compared to Wall Street expectations:

• Earnings per share: $4.04 vs. expected $3.79
• Revenue: $62.15 billion vs. expected $62.08 billion

For the three-month period ended Nov. 24, Costco’s net income rose to $1.80 billion, or $4.04 per share, compared with $1.59 billion, or $3.58 per share share in the same period last year. Sales rose from $57.80 billion in the same period last year.

Costco has benefited from its reputation for selling bulk items at a better price as U.S. households feel the cumulative effect of higher food and housing prices. The membership-based club also increased its annual membership fee for the first time in about seven years. The quarterly results are the first that Costco has reported since that fee increase took effect in September.

Costco’s membership fee revenue came in at $1.17 billion, compared to the $1.16 billion that Wall Street had expected.

The company’s comparable sales increased 5.2% year-over-year. In the USA, comparable sales also rose by 5.2%.

E-commerce sales increased 13% in the quarter compared to the same period last year.

As of Thursday’s close, Costco shares were up nearly 50% so far this year, outpacing the S&P 500’s 27% gains over the same period. Shares closed at $988.39 on Thursday.

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