Costco's Q4 2024 financial performance showed positive growth, with key metrics indicating robust operational performance and strong customer engagement.
- Revenue Growth: Costco's total revenue for Q4 2024 was $62.15 billion12. This represents a 7.5% increase year-over-year, surpassing the Zacks Consensus Estimate of $62.05 billion3. The company's revenue growth can be attributed to strong e-commerce sales, which surged by 18.9%1.
- Earnings Per Share (EPS) Performance: The company reported an EPS of $4.04 for the quarter, which exceeded the forecast of $3.781. This EPS of $4.04 marks a 6.9% increase over the forecast, reflecting Costco's strong financial performance and operational efficiency1.
- Net Income: Costco's net income for Q4 2024 reached $2.354 billion, marking a 9% increase year-over-year14. This growth in net income underscores the company's ability to generate profit while maintaining its focus on value and quality.
- Cost Management: Costco's gross margin percentage increased by 24 basis points, with core merchandise categories contributing positively to this increase5. The company's selling, general, and administrative expenses as a percentage of net sales increased by 14 basis points, primarily due to higher wage costs5.
- Comparative Sales: The company's comparable sales, which measure sales from existing stores over a specific period, increased by 5.2% for the total company and 7.1% when excluding the impact of changes in foreign-currency and gasoline prices3. U.S. comparable sales rose by 5.3%, Canadian sales by 5.5%, and other international markets by 5.7%3.
In conclusion, Costco's Q4 2024 financial results demonstrate the company's continued success in generating revenue and surpassing earnings expectations. The company's focus on e-commerce growth, product innovation, and operational efficiency has been instrumental in driving its financial performance.
3/29/2025 12:39am
