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

Company: COSTCO WHOLESALE CORP /NEW
Filing Date: 2025-06-05
Form: 10-Q
Item: Item 1
Chunk 25
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 thirty-six weeks of 2025 and 2024 relate to the 36 weeks ended May 11, 2025, and May 12, 2024. Certain percentages presented are calculated using actual results prior to rounding.

Highlights for the third quarter of 2025 versus 2024 include:

•Net sales increased 8% to $61,965, driven by an increase in comparable sales and sales at 29 net new warehouses opened since the end of 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 %