In case you haven't noticed, the stock market has been practically unstoppable in 2024. The iconic Dow Jones Industrial Average, benchmark S&P 500, and growth-focused Nasdaq Composite have reached multiple record highs and respectively risen by 17%, 27%, and 31% this year, as of the closing bell on Dec. 10.
Scott Mushkin of R5 Capital discusses the potential impact of Trump's proposed tariffs on Costco's supply chain and pricing, and outlook for the bulk discount retailer
Costco said it's seeing a boost in meat and produce sales. Costco's finance chief said in the Q1 2025 earnings call that there was a shift toward "food at home.
Costco Wholesale Corporation (NASDAQ:COST ) Q1 2025 Earnings Conference Call December 12, 2024 5:00 PM ET Company Participants Gary Millerchip - EVP and CFO Ron Vachris - President and CEO Conference Call Participants Simeon Gutman - Morgan Stanley Oliver Chen - TD Cowen Christopher Horvers - JPMorgan Zhihan Ma - Bernstein Karen Short - Melius Research Edward Kelly - Wells Fargo John Heinbockel - Guggenheim Rupesh Parikh - Oppenheimer Peter Benedict - Baird Greg Melich - Evercore ISI Scott Mushkin - R5 Capital Robbie Ohmes - Bank of America Michael Lasser - UBS Chuck Grom - Gordon Haskett Kelly Bania - BMO Capital Markets Chuck Cerankosky - Northcoast Research Corey Tarlowe - Jefferies Laura Champine - Loop Capital Operator Good afternoon, and thank you for standing by. My name is Abby, and I will be your conference operator today.
Costco is proving that its digital transformation is more than just a buzzword — it's driving growth. As the company continues to enhance its eCommerce offerings and streamline member experiences, its first-quarter results (Q3 by the calendar) for fiscal 2025 illustrate a combination of solid online performance and in-store success.
While the top- and bottom-line numbers for Costco (COST) give a sense of how the business performed in the quarter ended November 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
We're still near all-time highs on the major indexes, so taking a breather with less-than-stellar economic prints seems perfectly reasonable.
Costco (COST) came out with quarterly earnings of $3.82 per share, beating the Zacks Consensus Estimate of $3.79 per share. This compares to earnings of $3.48 per share a year ago.
Costco beat expectations for its fiscal first-quarter earnings, with net sales growth of 7.5%. Comparable sales growth was largely driven by increased traffic.
Costco Wholesale (COST) reported fiscal first-quarter earnings that beat analysts' expectations, in its first quarterly results reflecting the impact of its hike in membership fees.
Costco (COST) and Broadcom (AVGO) popped after reporting earnings. For COST, the company posted U.S. Comp.
Membership warehouse retailer Costco Wholesale Corp. on Thursday reported quarterly results that were a mixed bag.