Costco Wholesale Corporation (NASDAQ:COST) Q4 2025 Earnings Call September 25, 2025 5:00 PM EDT
Company Participants
Gary Millerchip – Executive VP & CFO
Ron Vachris – President, CEO & Director
Conference Call Participants
Christopher Horvers – JPMorgan Chase & Co, Research Division
Michael Lasser – UBS Investment Bank, Research Division
Charles Grom – Gordon Haskett Research Advisors
Zhihan Ma – Sanford C. Bernstein & Co., LLC., Research Division
Simeon Gutman – Morgan Stanley, Research Division
Peter Benedict – Robert W. Baird & Co. Incorporated, Research Division
Gregory Melich – Evercore ISI Institutional Equities, Research Division
Edward Kelly – Wells Fargo Securities, LLC, Research Division
Kelly Bania – BMO Capital Markets Equity Research
Rupesh Parikh – Oppenheimer & Co. Inc., Research Division
John Heinbockel – Guggenheim Securities, LLC, Research Division
Steven Zaccone – Citigroup Inc., Research Division
Oliver Chen – TD Cowen, Research Division
Presentation
Operator
Ladies and gentlemen, thank you for standing by. My name is Abby, and I’ll be your conference operator today. At this time, I would like to welcome everyone to the Costco Wholesale Corporation’s Fourth Quarter Fiscal ’25 Earnings Call. [Operator Instructions]
And thank you. I would now like to turn the conference over to Mr. Gary Millerchip, Chief Financial Officer. You may begin.
Gary Millerchip
Executive VP & CFO
Good afternoon, everyone, and thank you for joining us for Costco’s Fourth Quarter 2025 Earnings Call. I’d like to start by reminding you that these discussions will include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that may cause actual events, results and/or performance to differ materially from those indicated by such statements.
The risks and uncertainties include, but are not limited to, those outlined in today’s call as well as other risks identified from time to time in the company’s public statements and reports filed with
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