Global Trends and Politics
Costco Q2 2025 Earnings

Costco Reports Earnings Miss, Beats Revenue Expectations in Q2
Earnings and Revenue Performance
Costco Wholesale reported an earnings miss in its second quarter, but exceeded expectations for revenue. According to a survey of analysts by LSEG, the company’s earnings per share came in at $4.02, lower than the expected $4.11. However, revenue for the quarter ended February 16th came in at $63.72 billion, beating the expected $63.13 billion.
CEO’s Comments
Costco CEO Ron Vachris acknowledged that forecasting the impact of tariffs is challenging, but emphasized the company’s commitment to minimizing cost increases for members. He noted that a third of the company’s U.S. sales come from imports, with less than half of those coming from China, Mexico, and Canada.
Quarterly Results
Second-quarter revenue increased 9% to $63.72 billion, up from $58.44 billion in the same quarter last year. Net sales for the quarter rose 9.1% to $62.53 billion, compared to $57.33 billion in the year-ago period.
Membership Fees and Renewal Rate
Membership fees for the quarter totaled $1.19 billion, up from $1.11 billion in the second quarter of 2024. The company reported 78.4 million paid memberships and 140.6 million total cardholders, with a worldwide membership renewal rate of 90.5%, an increase of 0.1% from last quarter.
Comparable Sales and e-Commerce
Quarterly comparable sales, which include sales from warehouses and e-commerce sites open for more than a year, rose 6.8% year over year, exceeding the StreetAccount estimate of 6.4%. Comparable sales for e-commerce rose 20.9% year over year.
Fresh Foods and Meat Sales
The fresh foods category experienced growth in the high single digits, with sales of meat increasing by double digits, driven by consumers shifting towards lower-cost proteins like ground beef.
Conclusion
Costco’s strong second-quarter performance reflects the company’s ability to adapt to changing market conditions and maintain its position as a leading wholesale retailer. Despite the challenges posed by tariffs, the company’s commitment to minimizing cost increases for members and its focus on providing high-quality products at great prices have helped drive its success.
Frequently Asked Questions
Q: What was Costco’s earnings per share for the second quarter?
A: $4.02, lower than the expected $4.11.
Q: What was Costco’s revenue for the second quarter?
A: $63.72 billion, beating the expected $63.13 billion.
Q: What was the company’s membership renewal rate for the quarter?
A: 90.5%, an increase of 0.1% from last quarter.
Global Trends and Politics
Novo Nordisk offers discounted Wegovy through direct-to-consumer pharmacy

Novo Nordisk’s Wegovy Weight Loss Drug Sees Meteoric Rise in Popularity
Novo Nordisk on Wednesday said it will offer its weight loss drug Wegovy for less than half of its usual price per month through a new direct-to-consumer online pharmacy.
Direct-to-Consumer Online Pharmacy
The cash-pay offering is available to millions of patients without insurance coverage for the blockbuster injection. It aims to make Wegovy available to more people, while also ensuring that patients use the branded medication instead of cheaper compounded copycats that exploded in popularity during a recently resolved U.S. shortage of Novo Nordisk’s drug.
The pharmacy, called NovoCare, will allow patients to pay $499 in cash per month for the weekly drug. Wegovy’s list price before insurance and other rebates is almost $1,350 per month.
Patient Support Services
The site can also ship Wegovy prescriptions directly to patients’ homes through a specialty pharmacy partner. NovoCare will also offer refill reminders and access to live support from a case manager at the company, among other patient support services.
Industry Move
The company’s move follows a similar strategy from its main rival, Eli Lilly. The two companies are fighting to dominate the market for so-called GLP-1s, which mimic certain gut hormones to suppress appetite and regulate blood sugar.
Eli Lilly’s Direct-to-Consumer Online Pharmacy
Eli Lilly in January 2024 launched its own direct-to-consumer online pharmacy, LillyDirect, to help patients access its weight loss drug Zepbound. The website allows eligible patients to get a prescription through a telehealth provider and can provide home delivery. More recently, LillyDirect also started offering Zepbound in single-dose vials that are half or even less than its usual $1,000 monthly list price.
FDA Shortages
In recent months, the Food and Drug Administration has declared the U.S. shortages of both Zepbound and Wegovy over. That decision will prevent certain compounding pharmacies from creating unapproved versions of the injections.
Conclusion
Novo Nordisk’s new direct-to-consumer online pharmacy, NovoCare, aims to make Wegovy more accessible to patients, while also ensuring that they use the branded medication instead of cheaper compounded copycats. This move is part of the company’s efforts to dominate the market for GLP-1s, which mimic certain gut hormones to suppress appetite and regulate blood sugar.
FAQs
Q: What is Wegovy?
A: Wegovy is a weight loss drug developed by Novo Nordisk that works by mimicking certain gut hormones to suppress appetite and regulate blood sugar.
Q: What is the usual price of Wegovy?
A: The usual price of Wegovy before insurance and other rebates is almost $1,350 per month.
Q: How much will patients have to pay for Wegovy through NovoCare?
A: Patients will have to pay $499 in cash per month for Wegovy through NovoCare.
Q: What services will NovoCare offer to patients?
A: NovoCare will offer refill reminders and access to live support from a case manager at the company, among other patient support services.
Global Trends and Politics
Understanding Harassment in the Workplace: What You Can Do

As employees, we all have the right to a safe and respectful work environment, free from harassment and discrimination. Unfortunately, this is not always the case, and many employees face harassment in the workplace every day. According to a recent study, one in five employees has experienced some form of harassment or bullying at work. This is unacceptable and has severe consequences not only for the individual but also for the organization as a whole.
### What is Workplace Harassment?
Workplace harassment is any behavior that creates an intimidating, hostile, or offensive work environment. This can include verbal, nonverbal, or physical conduct that affects an employee’s job performance or creates a hostile or offensive environment. Harassment can take many forms, including:
* Verbal abuse, such as shouting, name-calling, or derogatory comments
* Nonverbal behavior, such as staring, making faces, or giving the “evil eye”
* Physical conduct, such as touching, pinching, or physical threats
* Cyberbullying, such as sending offensive emails or messages
* Sexual harassment, such as unwelcome advances, requests for dates, or suggestive comments
### The Consequences of Workplace Harassment
Workplace harassment can have severe consequences for both the individual and the organization. For the individual, harassment can lead to:
* Reduced job satisfaction and engagement
* Decreased productivity and performance
* Increased absenteeism and turnover
* Negative impact on physical and mental health
* Decreased self-esteem and confidence
For the organization, harassment can lead to:
* Decreased employee morale and motivation
* Increased turnover and recruitment costs
* Negative impact on brand reputation and customer loyalty
* Decreased productivity and profitability
* Legal consequences and fines
### What Can You Do?
If you are experiencing harassment in the workplace, there are steps you can take to address the situation. Here are some tips:
#### Report the Harassment
* Document incidents of harassment, including dates, times, locations, and details of what happened
* Report the incident to your supervisor, HR, or a union representative
* Keep a record of any communication with your employer or HR
* Consider reporting to an external agency, such as the Equal Employment Opportunity Commission (EEOC)
#### Seek Support
* Talk to a trusted friend, family member, or colleague about what you’re experiencing
* Consider seeking support from a therapist or counselor
* Join a support group or online community for people who have experienced similar situations
#### Take Care of Yourself
* Prioritize your physical and mental health
* Engage in stress-reducing activities, such as exercise or meditation
* Set boundaries and prioritize self-care
### What Can Your Employer Do?
* Develop and enforce a clear anti-harassment policy
* Provide training for all employees on recognizing and preventing harassment
* Ensure that employees know how to report incidents and who to contact
* Take all reports seriously and investigate incidents promptly and thoroughly
* Take appropriate action against perpetrators and provide support to victims
### Conclusion
Workplace harassment is a serious issue that can have severe consequences for employees and organizations. If you are experiencing harassment, there are steps you can take to address the situation. Remember to report the harassment, seek support, and take care of yourself. As an employer, it is crucial to develop and enforce a clear anti-harassment policy, provide training for all employees, and take all reports seriously. By working together, we can create a safe and respectful work environment for all employees.
### FAQs
* What is workplace harassment?
Workplace harassment is any behavior that creates an intimidating, hostile, or offensive work environment.
* What are the consequences of workplace harassment?
Workplace harassment can lead to decreased job satisfaction, decreased productivity, and negative impact on physical and mental health.
* What can I do if I’m experiencing harassment?
Report the incident to your supervisor, HR, or a union representative, and seek support from a trusted friend, family member, or colleague.
* What can my employer do to prevent harassment?
Develop and enforce a clear anti-harassment policy, provide training for all employees, and take all reports seriously and investigate incidents promptly and thoroughly.
* What is the EEOC?
The Equal Employment Opportunity Commission is a federal agency that enforces laws prohibiting employment discrimination and harassment.
Global Trends and Politics
Trump grants automakers one-month exemption from tariffs

Tariff Exemption for Automakers: Trump Administration Announces One-Month Reprieve
In an unexpected move, the White House has announced a one-month tariff exemption for automakers, effective immediately. The decision comes after President Donald Trump spoke with the heads of General Motors, Ford, and Stellantis on Tuesday, and following a request from the American Automotive Policy Council (AAPC) to waive 25% tariffs on Mexico and Canada on vehicles that comply with the United States-Mexico-Canada Agreement’s (USMCA) trade rules of origin.
Background
The tariffs, which were put in place on Tuesday, have sparked concerns among automakers and industry experts, who fear that prolonged tariffs could lead to decreased production and increased costs for consumers. The AAPC, representing the "Big 3" Detroit automakers, has been pressing the White House to exempt vehicles and parts that meet USMCA requirements from the tariffs.
White House Decision
According to Press Secretary Karoline Leavitt, the president has granted a one-month exemption to automakers whose vehicles comply with USMCA rules of origin. The decision aims to avoid putting these companies at an economic disadvantage. Leavitt also confirmed that the president is open to hearing requests from other industries seeking exemptions.
Automaker Reactions
The decision has been met with positive reactions from the automotive industry. The AAPC has applauded the move, recognizing that vehicles and parts that meet the USMCA requirements should be exempt from tariffs. Shares of General Motors, Ford, and Stellantis have also seen significant increases, with Stellantis closing up 9.2%, followed by GM up 7.2%, and Ford higher by 5.8%.
Uncertainties Remain
While the exemption provides some relief to automakers, several uncertainties remain. It is unclear whether the exemption applies only to vehicles or also includes automotive parts. Additionally, it is unclear how much input Tesla CEO Elon Musk had on the tariffs or the delay. Musk has been a close advisor to Trump and has often been present at key events.
Conclusion
The one-month tariff exemption for automakers is a significant development in the ongoing trade tensions between the United States, Mexico, and Canada. The decision aims to avoid putting American automakers at an economic disadvantage while also providing a temporary reprieve from the 25% tariffs. As the situation continues to unfold, it remains to be seen whether the exemption will be extended or if other industries will be granted similar relief.
Frequently Asked Questions
Q: What is the one-month tariff exemption for automakers?
A: The exemption allows automakers whose vehicles comply with USMCA rules of origin to be exempt from 25% tariffs on Mexico and Canada for a period of one month.
Q: Who requested the exemption?
A: The American Automotive Policy Council, representing the "Big 3" Detroit automakers, requested the exemption.
Q: How did automakers react to the decision?
A: Shares of General Motors, Ford, and Stellantis saw significant increases following the announcement, with Stellantis closing up 9.2%, followed by GM up 7.2%, and Ford higher by 5.8%.
Q: What are the uncertainties surrounding the exemption?
A: The exemption’s scope is unclear, with questions remaining about whether it applies only to vehicles or also includes automotive parts. Additionally, it is unclear how much input Tesla CEO Elon Musk had on the tariffs or the delay.
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