Costco Wholesale Corporation reported strong financial results for the first quarter of fiscal year 2025, driven by robust consumer demand and growth in e-commerce sales. The membership-based retailer's revenue rose 7.5% year-over-year to $62.15 billion, exceeding Wall Street estimates of $61.98 billion. Net income increased 13.2% to $1.8 billion, or $4.04 per share, surpassing the expected $3.79 per share, with earnings per share growing 12.8% year-over-year. Pre-tax profit reached $2.31 billion. Comparable sales grew by 5.2%, with U.S. sales up 7.2% when adjusted for gas price deflation and foreign exchange impacts. E-commerce sales surged 13% during the quarter, reflecting increased online traffic, record deliveries, and demand for items such as gift cards, hardware, and jewelry. Costco also benefited from a membership fee increase implemented in September, which contributed to an 8% rise in membership fee revenue to $1.17 billion. Membership renewal rates remained strong at 90.4%. The company ended the quarter with 77.4 million paid memberships, an 8% increase from the prior year. Traffic at Costco stores and online platforms rose 5.1% globally, while average transaction values remained steady. Gas sales declined, impacting overall revenue growth. Costco plans to open 29 new locations during the fiscal year, including 10 outside the U.S.