Loading...
•
Nov 26, 2023
Costco Q1 2024 Earnings Report
Costco reported an increase in net sales and net income for the first quarter of fiscal year 2024, and announced a special cash dividend.
Key Takeaways
Costco's first quarter of fiscal year 2024 showed positive results with net sales increasing to $56.72 billion and net income reaching $1.589 billion, or $3.58 per diluted share. The company also declared a special cash dividend of $15 per share.
Net sales increased by 6.1% to $56.72 billion compared to the first quarter of fiscal year 2023.
Net income rose to $1.589 billion, or $3.58 per diluted share, compared to $1.364 billion, or $3.07 per diluted share, in the previous year.
Comparable sales for the total company increased by 3.8%, or 3.9% excluding impacts from changes in gasoline prices and foreign exchange.
The Board of Directors declared a special cash dividend of $15 per share.
Forward Guidance
Forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...