Costco Wholesale Corporation Reports First Quarter Fiscal Year 2023 Operating Results

It really is “a beautiful day in the neighborhood” now that the U.S. Postal Service has immortalized Mister Rogers on a Forever stamp. Please share the news using the hashtag #MisterRogersStamp. Postmaster General Megan J. Brennan dedicated the stamp honoring Fred Rogers at the studio named in his honor where it all began 50 years ago — WQED’s Fred Rogers Studio in Pittsburgh. “Mister Rogers and his Neighborhood of Make-Believe made the ups and downs of life easier to understand for the youngest members of our society,” said Brennan. “In Mister Rogers’ Neighborhood, children learned, in a safe space, how to be a friend and create relationships. He shaped generations with his kindness and compassion. It’s why we honor him today.”

• Net sales increased 17.4% to $1,543.7 million compared to $1,314.9 million in the first quarter of fiscal 2017; • Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 8.1% compared to an increase of 14.3% in the first quarter of fiscal 2017. The 8.1% comparable sales increase was driven by 5.1% transaction growth and 3.0% growth in average ticket; • Retail comparable sales increased 4.7%, including salon comparable sales growth of 3.2%; • Net income increased 28.2% to $164.4 million compared to $128.2 million in the first quarter of fiscal 2017. Click Read More below for additional information.

Amazon announced that Prime Day 2024 was Amazon’s biggest Prime Day shopping event ever, with record sales and more items sold during the two-day event than any previous Prime Day event. During the 48-hour shopping event, Prime members globally saved billions on deals across every category. With Amazon’s vast selection at some of the lowest prices of the year so far, millions more Prime members shopped the two-day shopping event compared to Prime Day 2023. The opportunity to save big meant a record-breaking number of customers signed up for Prime in the three weeks leading up to Prime Day, with millions of new members worldwide. "Prime Day 2024 was a huge success thanks to the millions of Prime members globally who turned to Amazon for fantastic deals, and our much-appreciated employees, delivery partners, and sellers around the world who helped bring the event to life for customers," said Doug Herrington, CEO of Worldwide Amazon Stores.