Costco Q2 2024 Earnings Report
Key Takeaways
Costco Wholesale Corporation reported a 5.7% increase in net sales for the second quarter of fiscal year 2024, reaching $57.33 billion. Net income rose to $1.743 billion, or $3.92 per diluted share, compared to $1.466 billion, or $3.30 per diluted share, in the same quarter last year. The results were positively impacted by a tax benefit related to the special dividend.
Net sales increased by 5.7% to $57.33 billion compared to the previous year.
Net income reached $1.743 billion, or $3.92 per diluted share, up from $1.466 billion, or $3.30 per diluted share, in the prior year.
Comparable sales for the total company increased by 5.6%, or 5.8% excluding gas and foreign exchange impacts.
E-commerce sales showed strong growth, with a comparable sales increase of 18.4%, or 18.2% excluding gas and foreign exchange impacts.
Costco
Costco
Costco Revenue by Segment
Forward Guidance
The press release contains forward-looking statements that are subject to risks and uncertainties.