Financial Report Preview | "Black Five" Coming Late, Can Costco (COST.US) Q1 Performance Keep Up with Peers?

Costco (COST.US) will announce its financial performance for the first quarter of fiscal year 2025 after the US stock market closes on Thursday, December 12th, Eastern Time. According to analysts' general expectations, Costco's revenue is expected to reach $62.37 billion, a 7.9% increase from the same period last year; the expected earnings per share are $3.79, a 8.9% increase year over year. Late "Black Friday" did not affect sales growth In the first thirteen weeks of fiscal year 2025, Costco's net sales were $66.52 billion, a 7.2% increase from last year's $62.04 billion. The company stated in a release: "Due to Thanksgiving/Black Friday/Cyber Monday falling a week later this year compared to last year, November's e-commerce sales were negatively impacted by around 15 percentage points. The shift in e-commerce sales had around 1.5% negative impact on total sales and comparable sales." Thanksgiving and Black Friday were a big success, with American consumers continuing to flock to stores to shop, making consumer goods companies the focus this week. Adobe's data shows that Black Friday spending reached a record $10.8 billion, a 10.2% increase year over year. Previously, Thanksgiving total spending was $6.1 billion. Out of the eight consumer goods companies that reported earnings last week, seven exceeded expectations, easing market concerns about the US economic situation, which is widely considered one of the most important issues for voters during the election.