Costco Wholesale has disclosed a web gross sales improve of 8% to $61.96bn for the third quarter (Q3) of fiscal 2025, up from $57.39bn in the identical interval of the earlier 12 months.
Comparable gross sales metrics confirmed an increase of 5.7% with an adjusted improve of 8% when excluding the impacts from adjustments in gasoline costs and overseas alternate. E-commerce comparable gross sales skilled vital development at 14.8%.
Gross margin for Costco stood at 11.25% – an enchancment of 41 foundation factors in comparison with the third quarter of fiscal 12 months 2024 and an increase of 29 foundation factors after adjusting for gasoline worth impacts.
Web revenue for the quarter was reported at $1.9bn or $4.28 per diluted share – a development of 13.2% in comparison with $1.68bn or $3.78 per diluted share reported in the identical quarter of the earlier 12 months.
The corporate defined in its most up-to-date earnings name that this efficiency got here regardless of dealing with challenges together with a last-in, first-out (LIFO) accounting cost of $130m inside the quarter. Working revenue was additionally adversely affected on account of an accrual adjustment of $40m. This adjustment was essential to account for the accrued improve in worker trip days that had been a part of the worker settlement established in March 2025.
Q3 membership revenue exhibited a development price of 10.4% and when excluding overseas alternate impacts, it elevated by 11.4%. The corporate maintained a excessive worldwide membership renewal price at 90.2% and reported a complete paid membership development of 6.8%.
Complete cardholders now quantity 142.8 million with a development price of 6.6%. Government memberships have reached 37.6 million and govt members account for 73.1% of complete gross sales.
For the primary 36 weeks of the fiscal 12 months, web gross sales rose 8.2% to $185.48bn from $171.44bn the earlier 12 months.
Over the primary three quarters of the fiscal 12 months 2025, web revenue totalled $5.49bn or $12.34 per diluted share, a rise from $5.01bn or $11.27 per diluted share in the course of the earlier equal interval.
Costco president and CEO Ron Vachris mentioned within the earnings name: “We’re remaining agile as a state of affairs with tariffs evolves, whereas additionally supporting the commitments we have made with our long-term suppliers. For instance of this, in the course of the third quarter, we rerouted many items sourced from international locations with massive tariff publicity to our non-US markets. Within the US, we pulled ahead some objects that we had deliberate for the summer time and sourced further regionally produced items to cut back tariff impacts and make sure that we had been in inventory. Actions corresponding to these are permitting us to proceed to supply nice values for our members, whereas additionally delivering worth to our shareholders.”
