Summary by Futu AI
Costco reported robust Q2 FY2025 results with net sales increasing 9.1% to $62.53B and net income reaching $1.79B ($4.02 per diluted share). Total company comparable sales grew 6.8%, with e-commerce sales surging 20.9%. Membership fees rose to $1.19B, contributing to total revenue of $63.72B for the quarter.For the first 24 weeks of FY2025, net sales increased 8.3% to $123.52B, with net income of $3.59B ($8.06 per diluted share). February 2025 sales showed continued momentum, with net sales of $19.81B, up 8.8% YoY. The company maintained strong performance across regions, with U.S. comparable sales up 8.3% in Q2.Costco continues to expand its global presence, now operating 897 warehouses worldwide, including 617 in the United States and Puerto Rico. The company maintains e-commerce operations across eight countries, demonstrating its commitment to digital growth alongside traditional retail expansion.
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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