CLAIM #16874 · Costco Wholesale Corp (COST) · 2025Q2 earnings call · Mar 6, 2025 · due Aug 31, 2026
“As we look at our long-term plan, we would think just over half of those would likely be in the US, but just under half would be in our international markets, including Canada, Mexico, Asia, and Europe.”
Gary Millerchip · CFO
How to check this claim
Look at: Share of new warehouses opened in US vs international markets (Canada, Mexico, Asia, Europe), as proportion of total new warehouse openings
It came true if: US share of new warehouse openings > 50% and international share between 40-50%, measured across new warehouses opened
Where: Company-disclosed warehouse count by country/region (10-K or quarterly earnings call warehouse table)
In context
“it didn't roll up to be a meaningful enough number at our total company level, we didn't call that out in our results. We didn't call it out in the January numbers specifically either. But, yes, I would say you have to kind of look at the two months and combine the two really to understand the trend because of the impact that we would see from the Chinese New Year impacting particularly Korea and Taiwan and China. And then in terms of the long-term prospects for our international business, Ron mentioned it in the prepared remarks, we had a tremendous second quarter. We were thrilled with the progress that we saw across those international markets overall. And as we think about new store new warehouses, and the plan there. As you may recall, we talked about 25 to 30 new warehouses a year. As we look at our long-term plan, we would think just over half of those would likely be in the US, but just under half would be in our international markets, including Canada, Mexico, Asia, and Europe. And we look at all four of those as strong markets for us and opportunities to continue to expand our presence because we wouldn't see any of those as being fully penetrated today. And we're fortunate in that our international markets have similar or in some cases better profitability as a rate of sales than we have in our US market as well. So we still see plenty of opportunity, and they remain an important part of our growth strategy. Jiang Ma: Great. Thank you. Operator: And your next question comes from the line of Oliver Chen with TD Cowen. Your line is open. Oliver Chen: Hi. Thanks, Ron, Gary. We had a question about general merchandise and electronics. Would love your thoughts on what you're seeing with respect to those categories and the health of the consumer. We've also thought”
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SEC filings for COST ↗ · Claim quote is verbatim from the 2025Q2 earnings call.