Company: COST
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0000909832-25-000033
Chunk: 50

Company: COSTCO WHOLESALE CORP /NEW
Filing Date: 2025-06-05
Form: 10-Q
Item: Item 8
Chunk 50
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 the third quarter of 2024;

•Membership fee revenue increased 10% to $1,240, primarily driven by new member sign-ups and membership fee increases;

•Gross margin percentage increased 41 basis points; 29 basis points excluding the impact of gasoline price deflation on net sales;

•SG&A expenses as a percentage of net sales increased 20 basis points; 11 basis points excluding the impact of gasoline price deflation;

•Net income increased to $1,903, $4.28 per diluted share, compared to $1,681, $3.78 per diluted share in 2024. Foreign-exchange rates had a negative impact on net income of $35, $0.08 per diluted share; and

•A quarterly cash dividend of $1.30 per share, a 12% increase, was declared on April 16, 2025, and paid on May 16, 2025.

19

RESULTS OF OPERATIONS

Net Sales12 Weeks Ended36 Weeks EndedMay 11,2025May 12,2024May 11,2025May 12,2024Net Sales$61,965 $57,392 $185,480 $171,440 Increases in net sales:U.S.9 %9 %9 %6 %Canada4 %10 %5 %9 %Other International 6 %10 %6 %12 %Total Company8 %9 %8 %7 %Increases in comparable sales(1):U.S.7 %6 %7 %4 %Canada3 %8 %4 %8 %Other International3 %8 %3 %9 %Total Company6 %7 %6 %5 %E-commerce15 %21 %16 %15 %Increases in comparable sales excluding the impact of changes in foreign-currency and gasoline prices(1):U.S.8 %6 %8 %4 %Canada8 %7 %8 %8 %Other International9 %8 %9 %8 %Total Company8 %7 %8 %5 %E-commerce16 %21 %17 %15 %_______________

(1) Comparable sales for the third quarter and first thirty-six weeks of 2024 were calculated using comparable retail weeks.

Net Sales

Net sales