❌ Summary file ‘cost_Q1_2025_summary.txt’ not found. Switching to similarity search…
Apologies, but based on the provided context, there is no information available about Costco’s Q1 2025 earnings.
The latest available data covers Costco’s Fiscal Q2 2025 results (ending February 2025). If you’d like, I can provide a detailed summary of Costco’s Q2 2025 performance from the context.
### Costco Wholesale Corporation Fiscal Q2 2025 Summary
1. Financial Highlights
– Revenue: $62.53B (+9.1% YoY)
– Comparable Sales Growth:
– U.S. +8.3%, Canada +4.6% (10.5% adjusted for gas/FX), Other International +1.7% (10.3% adjusted)
– Gross Margin: 10.85% (up 5 bps YoY)
– Traffic Growth: +5.7% worldwide, avg. transaction +1%
2. Expansion & Strategy
– Opened 1 new warehouse in Q2, plans 28 new locations in FY2025 (mostly U.S.)
– Kirkland Signature launches (diapers, French fries, beverages)
– Co-brand credit card enhanced (5% cashback on gas, 4% for Executive members)
3. Forward Outlook
– Expects FX and tariff challenges but remains focused on member value
Would you like additional details from the Q2 2025 report? Let me know how I can refine this for your needs!