Costco Wholesale Corp (COST)
Gross profit margin
| Sep 1, 2024 | May 12, 2024 | Feb 18, 2024 | Nov 26, 2023 | Sep 3, 2023 | May 7, 2023 | Feb 12, 2023 | Nov 20, 2022 | Aug 28, 2022 | May 8, 2022 | Feb 13, 2022 | Nov 21, 2021 | Aug 29, 2021 | May 9, 2021 | Feb 14, 2021 | Nov 22, 2020 | Aug 30, 2020 | May 10, 2020 | Feb 16, 2020 | Nov 24, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 9,188,000 | 8,855,000 | 8,039,000 | 7,880,000 | 7,554,000 | 7,311,000 | 7,721,000 | 7,630,000 | 7,547,000 | 5,094,000 | 4,966,000 | 4,494,000 | 4,349,000 | 6,311,000 | 5,790,000 | 5,712,000 | 5,339,000 | 8,599,000 | 11,188,000 | 13,834,000 |
| Revenue (ttm) | US$ in thousands | 254,453,000 | 253,695,000 | 248,828,000 | 245,652,000 | 242,290,000 | 235,442,000 | 234,390,000 | 231,028,000 | 226,954,000 | 217,538,000 | 210,219,000 | 203,084,000 | 195,929,000 | 186,637,000 | 178,626,000 | 172,929,000 | 166,761,000 | 160,876,000 | 158,350,000 | 154,674,000 |
| Gross profit margin | 3.61% | 3.49% | 3.23% | 3.21% | 3.12% | 3.11% | 3.29% | 3.30% | 3.33% | 2.34% | 2.36% | 2.21% | 2.22% | 3.38% | 3.24% | 3.30% | 3.20% | 5.35% | 7.07% | 8.94% |
September 1, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $9,188,000K ÷ $254,453,000K
= 3.61%
The gross profit margin of Costco Wholesale Corp has been relatively stable over the past few quarters, fluctuating between 2.21% and 3.61%. However, there was a significant increase in the gross profit margin in the most recent quarter, reaching 3.61%. This improvement indicates that Costco has managed to increase its gross profit relative to its sales, which could be attributed to various factors such as cost control measures or favorable pricing strategies. Overall, Costco's ability to maintain a healthy gross profit margin is a positive indicator of its operational efficiency and pricing strategy.
Peer comparison
Sep 1, 2024