Costco Wholesale Corporation Reports Third Quarter and Year-to-Date Operating Results for Fiscal 2024

Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced its operating results for the third quarter (twelve weeks) and the first 36 weeks of fiscal 2024, ended May 12, 2024.

Net sales for the quarter increased 9.1 percent, to $57.39 billion, from $52.60 billion last year. Net sales for the first 36 weeks increased 7.0 percent, to $171.44 billion, from $160.28 billion last year. Net sales were positively impacted by approximately 0.5 to 1.0 percent for the quarter from the shift of the fiscal calendar, as a result of the fifty-third week last year.

Net income for the quarter was $1.68 billion, $3.78 per diluted share. Last year’s third quarter net income was $1.30 billion, $2.93 per diluted share, which included a non-recurring charge to merchandise costs of $298 million pretax, $0.50 per diluted share, primarily for the discontinuation of our charter shipping activities. Net income for the first 36 weeks was $5.01 billion, $11.27 per diluted share, compared to $4.13 billion, $9.30 per diluted share, last year.
details at: https://investor.costco.com/news/news-details/2024/Costco-Wholesale-Corporation-Reports-Third-Quarter-and-Year-to-Date-Operating-Results-for-Fiscal-2024/default.aspx

Related Posts

Kohl’s Unveils Locations of 400 New Sephora at Kohl’s Shops Opening This Year

Kohl’s announced the list of the 400 stores that will be adding Sephora at Kohl’s shops this year. From Alaska to Maine, the 400 stores will span 36 states, eight of which are brand new homes to Sephora at Kohl’s. The addition of 400 stores brings the Sephora at Kohl’s location total to 600 and puts the partnership on track to meet its 850 store goal by 2023. “We’re thrilled to be bringing Sephora at Kohl’s closer to millions more of our customers nationwide through this 400 store expansion,” said Doug Howe, Kohl’s chief merchandising officer. “The quick and vast rollout of Sephora at Kohl’s is a testament to how much we believe in this partnership and making prestige beauty more accessible to people everywhere. We’re excited to grow and bring this elevated beauty experience to more of Kohl’s existing and new customers this year.”

Wall Street Journal Kills Print Edition in Hong Kong

Wall Street Journal's Hong Kong edition will no longer be distributed after October 7 as the paper is moving to a digital only strategy. This is part of the paper's continued effort to scale back its print operations in Europe and Asia as it shifts savings and focus to digital. Luckily for the Wall Street Journal, digital has been on the rise with 1.27 million daily digital subscribers which is more than print subscribers. Click Read More below for more of the story.

HH Global Listed by Sunday Times PWC Top Track 250

HH Global is delighted to announce our listing at number 30 in Sunday Times PwC Top Track 250. The Sunday Times Grant Thornton Top Track 250 ranks Britain’s private mid-market growth companies with the biggest sales. The listing sees HH Global move up 14 places. This year’s special Covid-19 edition highlights the important contribution that mid-market companies have made to the UK during the pandemic, from supporting the NHS to enabling remote working. Group CEO, Robert MacMillan said: “This year has seen some huge milestones for our business, and we’re delighted that our performance has once again been recognised in the Sunday Times PwC Top Track 250. As ever, my thanks go to our staff whose delivery for our clients is driving our performance and growth. We look forward to climbing the list further next year!”.
Back To Top
×Close search
Search