Costco Wholesale Corporation is a well-known global retail giant with membership-only warehouse clubs. Founded in 1983 by James Sinegal and Jeffrey Brotman in Seattle, Washington, Costco now has over 905 locations worldwide. The company offers a variety of products, including groceries, electronics, and appliances, all at lower prices compared to traditional stores. Costco is also renowned for its private label brand, Kirkland Signature, which offers high-quality products at affordable prices.
Costco’s business model is based on efficiency and bulk buying to save money for its members. The company is dedicated to quality and customer satisfaction, with a 100% satisfaction guarantee on its products. With over 136.8 million loyal members as of 2024, Costco remains a leading force in the retail industry. The company’s headquarters are in Issaquah, Washington, and it is known for its innovative retailing approach.
Costco Fiscal Q3 2025
Costco Wholesale (COST) has released its financial results for the third quarter, covering twelve weeks. Net sales rose 8% to $61.96 billion, compared to $57.39 billion in the same period last year.
Costco’s net income for the quarter was $1.90 billion, or $4.28 per share, up from $1.68 billion, or $3.78 per share, last year. For the first 36 weeks, net income reached $5.49 billion, or $12.34 per share, compared to $5.01 billion, or $11.27 per share, in the previous year.
The company operates 905 warehouses worldwide, with 624 in the United States and Puerto Rico, 109 in Canada, 41 in Mexico, 37 in Japan, 29 in the United Kingdom, 19 in Korea, 15 in Australia.
Board Statements
Ron Vachris, President and CEO, said Costco maintained its “competitive price position” by working with suppliers to lower prices on key items like eggs, butter, and olive oil, which helped lift sales of other fresh items and food.
Impact on the Stock Market
Costco reported mixed results, with earnings per share of $4.28 beating expectations, but revenue falling slightly short of estimates. Same-store sales rose 8%, exceeding forecasts, with strong growth in the U.S., Canada, and international markets.
Costco’s stock remained flat in pre-market trading but has gained 10% year-to-date, compared to the S&P 500, which has stayed level.
