Costco reports mixed second-quarter earnings, comparable sales growth

Costco on Thursday reported an earnings miss, but beat expectations for revenue for the second quarter.

Here’s how the wholesale company did compared with what Wall Street was expecting for the quarter ended Feb. 16, based on a survey of analysts by LSEG:

• Earnings per share: $4.02 vs. $4.11 expected
• Revenue: $63.72 billionvs. $63.13 billion expected

Second-quarter revenue increased 9% to $63.72 billion, from $58.44 billion during the same quarter in fiscal 2024. Net sales for the quarter rose 9.1% to $62.53 billion, compared to $57.33 billion in the year-ago period.

Costco reported a net income for the second quarter of $1.79 billion, or $4.02 per share, compared with a net income of $1.74 billion, or $3.92 per share, during the second quarter of fiscal 2024.

Quarterly comparable sales, which Costco defines as sales from warehouses and e-commerce sites open for more than a year, rose 6.8% year over year, and 8.3% in the U.S. Comparable sales for e-commerce rose 20.9% year over year.