Costco Wholesale Corporation reported mixed financial results for the second quarter of fiscal year 2025, which ended February 16. The company's net income was $1.79 billion, or $4.02 per diluted share, falling short of analyst estimates of $4.11 per share.
Despite the earnings per share miss, Costco's revenue increased by 9% to $62.53 billion, surpassing analyst forecasts of $63.11 billion. Comparable sales demonstrated strong growth, rising 6.8% year-over-year globally and 8.3% in the U.S., while e-commerce sales surged by 20.9%.
Membership fees for the quarter totaled $1.19 billion, contributing to the company's profitability, with 78.4 million paid memberships and a worldwide renewal rate of 90.5%. The results indicate continued operational strength and member engagement, even as the company navigates cost pressures and investments.
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