Headquartered in Issaquah, WA, Costco is a membership warehouse club, dedicated to bringing our members the best possible prices on quality brand-name merchandise.

Table of Content

Second Quarter Highlights Second Quarter YoY Financial Comparison
 

Costco Second Quarter Highlights

  • Comparable sales increased by 14% and  were positively impacted by increases in shopping frequency and average ticket
  • Higher gasoline prices positively impacted net sales by $1,713, with a 44% increase in the average price per gallon

Source: Quarterly Report

 

Second Quarter YoY Financial Comparison

  • Total company sales were nearly $52 billion in the second quarter, compared to $45 billion for the same period last year
  • The expense ratio more or less remained the same in the second quarter (96.59%) this year as compared to the same period previous year (96.33%) 
  • Operating Income Ratio went slightly down from 3.67% in Q2 2021 to 3.41% during the same period this year
  • Net Income Attributable to Costco Ratio went slightly down from 2.69% in Q2 2021 to 2.57% during the same period this year

Source: Quarterly Report