Costco (COST) Earnings Q1 2025 Earnings

Costco beat Wall Street’s quarterly profit and sales estimates on Thursday, getting a boost in part from higher membership fees.

Here’s how the warehouse club fared in its fiscal first quarter compared to what Wall Street expected, according to a survey of analysts by LSEG:

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

In the three months ended Nov. 24, Costco’s net income rose to $1.8 billion, or $4.04 per share, from $1.59 billion, or $3.58 per share, in the year-ago period. Revenue was up from $57.8 billion in the year-ago period.

Costco has benefited from its reputation for selling bulk products at better value as US households feel the cumulative impact of higher food and housing prices. The membership-based club also ran its course annual membership fee for the first time in about seven years. The quarterly results are the first Costco has reported since the fee increase took effect in September.

Costco’s membership fee revenue was $1.17 billion, compared with the $1.16 billion Wall Street had expected.

The company’s comparable sales grew 5.2% year-over-year. In the US, comparable sales were also up 5.2%.

E-commerce sales were up 13% in the quarter compared to the year-ago period.

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

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