Costco Wholesale Corporation reported robust financial results for fiscal year 2024, with net sales increasing 5% to $249.6 billion and net income rising 17% to $7.4 billion, or $16.56 per diluted share. Comparable sales grew 5% company-wide, driven by increased shopping frequency. Membership fee revenue rose 5% to $4.8 billion, with worldwide renewal rates reaching 90.5%.The company's gross margin percentage improved by 35 basis points to 10.92%, benefiting from stronger performance in warehouse ancillary and e-commerce operations. E-commerce sales showed significant growth of 16% year-over-year. The company maintained strong expansion, opening 30 new warehouses globally, including 23 net new locations in the U.S.In a significant move to return value to shareholders, Costco paid a special cash dividend of $15 per share in January 2024, totaling approximately $6.7 billion. The company also increased its regular quarterly dividend by 14% and implemented a membership fee increase in the U.S. and Canada effective September 2024, raising annual fees to $65 for Gold Star members and $130 for Executive members.

Costco Wholesale Corporation reported robust financial results for fiscal year 2024, with net sales increasing 5% to $249.6 billion and net income rising 17% to $7.4 billion, or $16.56 per diluted share. Comparable sales grew 5% company-wide, driven by increased shopping frequency. Membership fee revenue rose 5% to $4.8 billion, with worldwide renewal rates reaching 90.5%.The company's gross margin percentage improved by 35 basis points to 10.92%, benefiting from stronger performance in warehouse ancillary and e-commerce operations. E-commerce sales showed significant growth of 16% year-over-year. The company maintained strong expansion, opening 30 new warehouses globally, including 23 net new locations in the U.S.In a significant move to return value to shareholders, Costco paid a special cash dividend of $15 per share in January 2024, totaling approximately $6.7 billion. The company also increased its regular quarterly dividend by 14% and implemented a membership fee increase in the U.S. and Canada effective September 2024, raising annual fees to $65 for Gold Star members and $130 for Executive members.