From CNBC: 2025-03-06 20:13:41

Costco reported strong second-quarter revenue of $63.72 billion, up 9% year over year, exceeding Wall Street expectations. Earnings per share (EPS) were $4.02, missing consensus but still up 2.6% annually. The company’s success is attributed to its value-focused model, despite challenges such as foreign exchange rates and inflation. Costco’s stock was down slightly in extended trading. Membership renewal rates increased compared to the previous quarter, and total comparable sales rose 6.8%. E-commerce sales grew by 20.9%, showing Costco’s commitment to digital initiatives. The company is focused on reinvesting revenue to maintain low prices. Costco plans to open new stores, aiming to end the year with 915 locations. Despite its stock being at nearly 55 times forward earnings estimates, Costco’s quality and market share gains make it a worthwhile investment.



Read more at CNBC:: Costco checks plenty of key boxes for investors despite earnings miss