Costco said its net sales for fiscal 2025 Q1 (12 weeks, ended November 24, 2024) rose 7.5% to $60.99 billion, compared with $56.72 billion in the same period last year.

1. 01

   Costco said its net sales for fiscal 2025 Q1 (12 weeks, ended November 24, 2024) rose 7.5% to $60.99 billion, compared with $56.72 billion in the same period last year.

2. 02

   The company said net income for Q1 was $1,798 million ($4.04 per diluted share), compared with $1,589 million ($3.58) in the same period last year. It said this year's results included a tax benefit related to stock-based compensation of $100 million ($0.22 per diluted share).

3. 03

   Costco reported total company comparable sales growth of 5.2% for Q1, and 7.1% on an adjusted basis excluding the impacts from changes in gasoline prices and foreign exchange. It said e-commerce comparable sales rose 13.0% (adjusted 13.2%).

4. 04

   Costco said net cash provided by operating activities for fiscal 2025 Q1 (12 weeks) was $3,260 million, compared with $4,651 million in the same period last year. It also reported additions to property and equipment of $1,264 million.

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Original filing

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