Costco Q1 2024 Earnings Report
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.
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Costco Revenue by Segment
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.