Costco Wholesale Corporation (Costco) reported its financial results for the second quarter and first half of fiscal 2024 on March 7, 2024. The report highlighted a 5.7% increase in net sales for the quarter, reaching $57.33 billion, and a 5.9% increase for the first 24 weeks, totaling $114.05 billion. These figures were slightly impacted by the shift in the fiscal calendar due to an extra week in the previous year. Comparable sales also saw increases across various regions, with e-commerce sales notably rising by 18.4% for the quarter. Net income for the quarter was reported at $1,743 million, or $3.92 per diluted share, which included a tax benefit related to a special dividend. The first 24 weeks net income stood at $3.33 billion, or $7.49 per diluted share. Costco also reported an increase in February sales and provided updates on its warehouse operations, including a total of 875 warehouses globally and various e-commerce sites. The company held a conference call to discuss these results and issued a forward-looking statement cautioning about potential risks and uncertainties that could affect future performance.

Costco Wholesale Corporation (Costco) reported its financial results for the second quarter and first half of fiscal 2024 on March 7, 2024. The report highlighted a 5.7% increase in net sales for the quarter, reaching $57.33 billion, and a 5.9% increase for the first 24 weeks, totaling $114.05 billion. These figures were slightly impacted by the shift in the fiscal calendar due to an extra week in the previous year. Comparable sales also saw increases across various regions, with e-commerce sales notably rising by 18.4% for the quarter. Net income for the quarter was reported at $1,743 million, or $3.92 per diluted share, which included a tax benefit related to a special dividend. The first 24 weeks net income stood at $3.33 billion, or $7.49 per diluted share. Costco also reported an increase in February sales and provided updates on its warehouse operations, including a total of 875 warehouses globally and various e-commerce sites. The company held a conference call to discuss these results and issued a forward-looking statement cautioning about potential risks and uncertainties that could affect future performance.