Stock Analysis on Net
Stock Analysis on Net

Costco Wholesale Corp. (NASDAQ:COST)

Common-Size Income Statement

Costco Wholesale Corp., common-size consolidated income statement

Microsoft Excel
12 months ended: Sep 1, 2024 Sep 3, 2023 Aug 28, 2022 Aug 29, 2021 Aug 30, 2020 Sep 1, 2019
Net sales 100.00 100.00 100.00 100.00 100.00 100.00
Merchandise costs -89.08 -89.43 -89.52 -88.87 -88.80 -88.98
Gross margin 10.92% 10.57% 10.48% 11.13% 11.20% 11.02%
Membership fees 1.93 1.93 1.90 2.02 2.17 2.24
Selling, general and administrative -9.14 -9.08 -8.88 -9.65 -10.04 -10.10
Operating income 3.72% 3.41% 3.50% 3.49% 3.33% 3.17%
Interest expense -0.07 -0.07 -0.07 -0.09 -0.10 -0.10
Interest income 0.21 0.20 0.03 0.02 0.05 0.08
Foreign-currency transaction gains, net 0.01 0.01 0.05 0.03 0.00 0.02
Other, net 0.03 0.01 0.02 0.02 0.00 0.02
Interest income and other, net 0.25% 0.22% 0.09% 0.07% 0.06% 0.12%
Other income (expense) 0.18% 0.16% 0.02% -0.01% -0.04% 0.02%
Income before income taxes 3.90% 3.57% 3.52% 3.48% 3.29% 3.19%
Provision for income taxes -0.95 -0.92 -0.86 -0.83 -0.80 -0.71
Net income including noncontrolling interests 2.95% 2.65% 2.66% 2.64% 2.49% 2.48%
Net income attributable to noncontrolling interests 0.00 0.00 -0.03 -0.04 -0.03 -0.03
Net income attributable to Costco 2.95% 2.65% 2.62% 2.61% 2.45% 2.45%

Based on: 10-K (reporting date: 2024-09-01), 10-K (reporting date: 2023-09-03), 10-K (reporting date: 2022-08-28), 10-K (reporting date: 2021-08-29), 10-K (reporting date: 2020-08-30), 10-K (reporting date: 2019-09-01).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Costco Wholesale Corp. operating income as a percentage of net sales decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Costco Wholesale Corp. income before income taxes as a percentage of net sales increased from 2022 to 2023 and from 2023 to 2024.
Net income attributable to Costco The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Costco Wholesale Corp. net income attributable to Costco as a percentage of net sales increased from 2022 to 2023 and from 2023 to 2024.