Costco Wholesale
RANK
11
Costco had a smashing 2021, closing the year in record-breaking style as the pandemic eased and shoppers returned to in-person shopping at their favorite retailers. Costco's $5 billion in net income was 25% higher than in the year prior. With inflation surging to a four-decade high, the wholesaler raised its prices but still saw a 91% membership renewal rate. Like many other employers in the U.S., Costco raised its minimum wage in the fight to retain talent, upping that rate to $17 in October 2021. The warehouse supermarket giant partnered with Uber to trial a delivery service in Texas, and it collaborated with public-health authorities to help get America vaccinated against COVID. Seeing more foot traffic in its stores, Costco debuted touchless condiment dispensers in its food courts, and brought back customer favorites like churros and smoothies to its menu. Costco pleased its investors as well as shoppers in 2021 by delivering a 52% shareholder return for the year.
Yang Haishi—VCG/Getty Images
Company Information
As of 2/1/2023
Country
U.S.
Headquarters
Issaquah, Wash.
Industry
General Merchandisers
CEO
W. Craig Jelinek
Website
Company Type
Public
Ticker
COST
Revenues ($M)
$231,028
Profits ($M)
$5,884
Market Value ($M)
$213,039
Employees
304,000
Figures are for the latest twelve months ended Nov. 30, 2022. Market value as of Jan. 20, 2023. Sources: Bloomberg; S&P Global.
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$195,929
17.5%
Profits ($M)
$5,007
25.1%
Assets ($M)
$59,268
-
Total Stockholder Equity ($M)
$17,564
-
Profit Ratios
Profit as % of Revenues
2.6%
Profits as % of Assets
8.4%
Profits as % of Stockholder Equity
28.5%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
1,127
EPS % Change (from 2020)
24.9%
EPS % Change (5 year annual rate)
16.2%
EPS % Change (10 year annual rate)
13.1%
Total Return
Total Return to Investors (2021)
51.8%
Total Return to Investors (5 year, annualized)
31.7%
Total Return to Investors (10 year, annualized)
24.4%
Costco Wholesale Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2021 | $166,7619.2% | $4,0029.4% | $55,556 | $18,284 |
| 2020 | $152,7037.9% | $3,65916.8% | $45,400 | $15,243 |
| 2019 | $141,5769.7% | $3,13417.0% | $40,830 | $12,799 |
| 2018 | $129,0258.7% | $2,67914% | $36,347 | $10,778 |
| 2017 | $118,7192.2% | $2,350-1.1% | $33,163 | $12,079 |
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Latest news for Costco Wholesale
- Retail
Costco signals a membership price increase could be coming: ‘It’s a question of when, not if’March 3, 2023, 5:03 PM UTC - Retail
Costco has a new $10 sandwich and shoppers are enraged at the pivot to higher pricesMarch 2, 2023, 3:35 PM UTC - Retail
Costco claims its $1.50 hot dog combo is ‘forever,’ laughing in the face of inflationSeptember 27, 2022, 10:33 AM UTC
