Costco Q1 financial report released: e-commerce sales increased by 13% year-on-year

It is learned that on December 12, the US retail giant Costco released its first quarter financial report for fiscal year 2025. As of November 24, Costco's first quarter revenue was US$60.99 billion, a year-on-year increase of 7.5%.

Here's a summary of Costco's first-quarter financial results:

Revenue was $60.99 billion, up 7.5% year-on-year

Net profit was $1.8 billion, compared with $1.59 billion in the same period last year

Total comparable sales increased 5.2%, with U.S. comparable sales up 5.2%

International comparable sales increased 4.7% and e-commerce comparable sales increased 13%

Membership fee revenue was $1.17 billion, compared to $1.08 billion in the same period last year

This quarter, Costco stores and website visits increased significantly, with global customer traffic up 5.1% year-on-year and 4.9% in the U.S. The average order value rose slightly by 0.1% worldwide and 0.3% in the U.S. After excluding factors such as gasoline price deflation and foreign exchange fluctuations, the average order value actually increased by 2% worldwide and 2.3% in the U.S.

The e-commerce business performed particularly well, with sales increasing 13% year-on-year this quarter. CEO Ron Vachris said the company gained market share by expanding delivery services for large and bulky goods, with the related delivery volume approaching 1 million pieces this quarter, a record high. At the same time, online traffic, conversion rate and average order value all achieved year-on-year growth.

Chief Financial Officer Gary Millerchip pointed out that sales of gold jewelry, gift cards, household goods, sporting goods, health and beauty, luggage and hardware all achieved double-digit growth. He said that although consumers are still cautious when purchasing goods, high-quality and cost-effective goods can still attract consumers to pay against the backdrop of falling inflation, especially innovative goods.

Author ✎Rayna/

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