COST

Costco sees FY25 capital expenditures $5B

Says pharmacy set new volume records. Says U.S. app was downloaded 2.9M times in the quarter. Says has seen great strength in non-food categories. Says members are willing to spend as inflation is down. Says seeing a lot of interest in retail media from agencies. Says no plans for stock splits. Says there is uncertainty around timing and scope of tariffs. Says in general tariffs raise costs so not positive on tariffs. Says a quarter of business in non-food. Comments and guidance taken from Q1 earnings conference call.

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