- Costco’s earnings per share (EPS) for the first quarter stood at $4.04, surpassing the previous year’s $3.58 and the estimated $3.81.
- Total company comparable sales, including gas and currency adjustments, increased by 5.2% compared to last year, slightly below the projected 5.66%.
- In the United States, comparable sales rose by 5.2%, which was higher than the anticipated 5.03%.
- Canadian comparable sales grew by 5.8%, closely meeting the estimate of 5.65%.
- International comparable sales increased by 4.7%, falling short of the estimated 6.34%.
- Excluding fuel and in constant currency, total company comparable sales saw a rise of 7.1%, outperforming the expected 6.38%.
- U.S. comparable sales, excluding fuel and currency effects, grew by 7.2%, exceeding the estimate of 6.26%.
- Canadian comparable sales, excluding gas and currency influences, increased by 6.7%, beating the projected 5.79%.
- International comparable sales, excluding fuel and currency impacts, rose by 7.1%, aligning closely with the 7% estimate.
- Total revenue for the quarter was $62.15 billion, a 7.5% year-over-year increase, slightly above the forecast of $61.98 billion.
- Net sales amounted to $60.99 billion, marking a 7.5% rise from the previous year and slightly surpassing the estimate of $60.85 billion.
- Membership fees collected were $1.17 billion, a growth of 7.8% year over year, matching the expectations.
- Analyst ratings for Costco suggest 26 buys, 17 holds, and 1 sell.
Costco Wholesale on Smartkarma
Analysts on Smartkarma are actively covering Costco Wholesale, including insightful research reports from top independent analysts. Baptista Research, for example, provided a bullish perspective in their recent report titled “Costco Wholesale Corporation: Its Cost Structure & Membership Model Enabling Its Stability & Expansion! – Major Drivers”. The report delves into Costco’s fourth-quarter financial performance for fiscal year 2024, noting both operational successes and challenges. Comparing with the previous year, Costco saw a significant increase in net income to $2.354 billion, equating to $5.29 per diluted share, signifying a 9% rise from the previous figures.
A look at Costco Wholesale Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Costco Wholesale Corporation, a multinational wholesale membership warehouse operator, has received positive Smartkarma Smart Scores for its long-term outlook. With strong ratings in Growth, Resilience, and Momentum, Costco is positioned favorably in these key areas. The company’s Growth score indicates solid potential for expansion, while its Resilience and Momentum scores reflect its ability to weather challenges and maintain upward momentum in the market.
The Value and Dividend scores, although not as high as the others, still contribute to Costco’s overall outlook. These scores suggest that while Costco may not be the top performer in terms of value and dividends, it is still considered stable in these areas. Overall, Costco Wholesale Corporation shows promise for long-term investors based on its Smartkarma Smart Scores and its diverse product offerings across various categories.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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