Costco Wholesale Sales Surge 9.1%

Costco Wholesale (NASDAQ:COST), the leading membership warehouse retailer, announced its second quarter fiscal 2025 results on March 6, 2025. Highlighting robust sales growth, it reported $62.53 billion in net sales, a 9.1% increase compared to the same quarter last year. Membership fees added an additional $1.193 billion, up 7.3%. Net income showed modest growth at $1.788 billion, influenced by past year's one-time tax benefits. Actual earnings per share (EPS) were $4.02, a 2.6% increase year-over-year.Source: Analyst estimates for the quarter provided by FactSet.Costco Wholesale operates under a unique membership model offering consumers bulk products at discounted rates. This model relies heavily on membership fees and increased customer loyalty, with a remarkable 92.9% renewal rate in the U.S. and 90.5% worldwide in 2024. A key focus is to maintain these strong loyalty metrics while expanding the Executive membership tier, contributing to a high portion of wholesale sales.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool