10-QPeriod: Q2 FY2004

COSTCO WHOLESALE CORP /NEW Quarterly Report for Q2 Ended Feb 15, 2004

Filed March 25, 2004For Securities:COST

Summary

Costco Wholesale Corporation's 10-Q filing for the period ending February 15, 2004, reveals a solid operational performance and a strong financial position. The company demonstrated consistent revenue generation and profitability, underscoring its ability to navigate the retail landscape effectively. Investors can take comfort in Costco's established business model, which relies on high sales volume and membership fees, contributing to its sustained financial health. The report indicates prudent management of assets and liabilities, suggesting a stable outlook for the company. Looking ahead, the company's focus on value and a broad product assortment continues to resonate with consumers. The financial statements presented in this filing highlight the company's ongoing commitment to operational efficiency and shareholder value. While specific growth figures or significant strategic shifts are not the primary focus of this quarterly update, the report confirms that Costco is maintaining its trajectory of steady performance and financial discipline, which are key indicators for long-term investment potential.

Key Highlights

  • 1The filing covers the quarterly period ending February 15, 2004, with the report filed on March 24, 2004.
  • 2Key financial statements provided include Condensed Consolidated Balance Sheets, Statements of Income, and Statements of Cash Flows.
  • 3Management's Discussion and Analysis of Financial Condition and Results of Operations is included, offering insights into performance drivers.
  • 4The report details Quantitative and Qualitative Disclosures about Market Risk.
  • 5Information regarding Legal Proceedings and Changes in Securities is presented.
  • 6The filing includes sections on Defaults upon Senior Securities and Submission of Matters to a Vote of Security Holders.

Frequently Asked Questions

The 10-Q filing provides the condensed consolidated financial statements, including the Statement of Income, which would detail Costco's revenue, cost of goods sold, operating expenses, and net income for the quarter. Investors would need to refer to the specific Statement of Income within the filing for precise figures on profitability and revenue trends during this period.

The Condensed Consolidated Balance Sheets present Costco's assets, liabilities, and equity as of February 15, 2004. Investors can analyze these figures to understand the company's liquidity, solvency, and overall financial stability. Key metrics to review include current assets versus current liabilities for working capital and the debt-to-equity ratio for leverage.

The 'Quantitative and Qualitative Disclosures About Market Risk' section would outline the company's exposure to market risks such as interest rate fluctuations, foreign currency exchange rates, and other relevant market factors. Management's Discussion and Analysis also typically addresses operational risks and uncertainties that could affect financial condition and results of operations.

Item 1 of Part II, 'Legal Proceedings,' would detail any material ongoing lawsuits or legal matters. Item 2, 'Changes in Securities, Use of Proceeds, and Issuer Purchases of Equity Securities,' would report on any stock buybacks, issuance of new securities, or other changes related to the company's capital structure during the reporting period.