Costco Wholesale Corporation (Costco) reported its operating results for the fourth quarter and fiscal year ended September 1, 2024. The company saw a 1.0 percent increase in net sales for the 16-week fourth quarter, reaching $78.2 billion, and a 5.0 percent increase for the 52-week fiscal year, with net sales of $249.6 billion. Comparable sales also showed positive trends across various regions, with e-commerce sales notably increasing by 18.9 percent for the quarter. Net income for the quarter was $2.354 billion, or $5.29 per diluted share, which included a non-recurring tax benefit. For the fiscal year, net income rose to $7.367 billion, or $16.56 per diluted share. Costco operates 891 warehouses globally and continues to expand its e-commerce presence. The company held a conference call on September 26, 2024, to discuss these results.

Costco Wholesale Corporation (Costco) reported its operating results for the fourth quarter and fiscal year ended September 1, 2024. The company saw a 1.0 percent increase in net sales for the 16-week fourth quarter, reaching $78.2 billion, and a 5.0 percent increase for the 52-week fiscal year, with net sales of $249.6 billion. Comparable sales also showed positive trends across various regions, with e-commerce sales notably increasing by 18.9 percent for the quarter. Net income for the quarter was $2.354 billion, or $5.29 per diluted share, which included a non-recurring tax benefit. For the fiscal year, net income rose to $7.367 billion, or $16.56 per diluted share. Costco operates 891 warehouses globally and continues to expand its e-commerce presence. The company held a conference call on September 26, 2024, to discuss these results.