Welcome to our dedicated page for Costco Whsl news (Ticker: COST), a resource for investors and traders seeking the latest updates and insights on Costco Whsl stock.
Costco Wholesale Corporation operates a global membership-based warehouse club business, with warehouses in the United States and Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia and other international markets, along with e-commerce sites in several countries. The company sells grocery and general merchandise categories and reports activity across U.S., Canada and other international operations.
Costco news commonly covers monthly net sales, comparable sales adjusted for gasoline and foreign exchange, digitally enabled sales, quarterly operating results, warehouse-count updates and dividend actions on its common stock. Company updates also include merchandising activity tied to products carried in Costco locations and governance or management developments disclosed through corporate releases.
Costco Wholesale reported net sales of $19.64 billion for May 2024, marking an 8.1% increase from the previous year. Year-to-date net sales for 39 weeks reached $186.07 billion, a 6.9% rise from last year's $174.07 billion. Comparable sales for May showed growth across various regions: the U.S. at 5.8%, Canada at 6.7%, and Other International at 9.3%. E-commerce sales saw a significant 15.3% increase. Excluding gasoline prices and foreign exchange impacts, comparable sales remained robust, with total company growth at 6.5% for May and 5.5% for the first 39 weeks. Costco operates 879 warehouses and multiple e-commerce platforms globally.
Costco Wholesale (Nasdaq: COST) reported its third-quarter and year-to-date results for fiscal 2024, ending May 12, 2024.
Net sales for Q3 increased by 9.1% to $57.39 billion, and for the first 36 weeks, they rose by 7.0% to $171.44 billion. Sales were positively influenced by a shift in the fiscal calendar, adding 0.5-1.0% for Q3.
Comparable sales for Q3 were up 6.6% overall, with U.S. sales up 6.2%, Canada 7.7%, and International 7.7%. E-commerce sales surged by 20.7%.
Net income for Q3 was $1.68 billion, or $3.78 per diluted share, compared to $1.30 billion, or $2.93 per diluted share, last year. For the first 36 weeks, net income was $5.01 billion, or $11.27 per diluted share, compared to $4.13 billion, or $9.30 per diluted share, last year.
Costco operates 878 warehouses globally and e-commerce sites in several countries. A conference call to discuss these results is scheduled for May 30, 2024, at 2:00 p.m. (PT).
Costco Wholesale reported net sales of $19.80 billion for April 2024, showing a 7.1% increase from the previous year. The total net sales for the year were $166.44 billion, up by 7.0% from last year. E-commerce sales also saw a significant increase. However, the shift in the timing of Easter negatively impacted total and comparable sales by over 0.5%.
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