Costco Wholesale Corporation (COST) Q3 2025 Earnings Call Transcript

This is a transcript of Costco's Q3 2025 earnings call, led by CFO Gary Millerchip, who reminds listeners that the discussion will include forward-looking statements subject to risks and uncertainties as outlined in the company's SEC filings. The call provides an overview of Costco's financial performance and strategic outlook for the quarter.

Analysis

Costco Wholesale Corporation (NASDAQ:COST) commenced its third-quarter 2025 earnings conference call on May 29, 2025, with Chief Financial Officer Gary Millerchip delivering the initial remarks. Millerchip issued a standard safe harbor statement, emphasizing that the subsequent discussion regarding the company's financial performance and strategic outlook would include forward-looking statements. These statements are subject to various risks and uncertainties, as detailed in Costco's public SEC filings, which could cause actual results to differ materially. The presence of analysts from numerous leading investment firms such as Morgan Stanley, JPMorgan, UBS, and Goldman Sachs signals significant institutional investor interest in Costco's current performance and future guidance. This introductory segment of the call is procedural and does not yet provide specific financial data or operational updates for the third quarter; the actual results and detailed commentary are expected to follow in the main body of the call.