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May 12, 2024
Costco Q3 2024 Earnings Report
Costco's Q3 2024 performance reflected increased net sales and net income compared to the previous year.
Key Takeaways
Costco Wholesale Corporation reported a 9.1% increase in net sales for the third quarter of fiscal year 2024, reaching $57.39 billion compared to $52.60 billion in the previous year. Net income for the quarter was $1.68 billion, or $3.78 per diluted share, compared to $1.30 billion, or $2.93 per diluted share, in the third quarter of fiscal year 2023.
Net sales increased by 9.1% to $57.39 billion.
Net income reached $1.68 billion, or $3.78 per diluted share.
Comparable sales increased by 6.6% overall and 6.5% excluding gas and foreign exchange impacts.
E-commerce sales saw a significant increase of 20.7%.
Costco
Costco
Forward Guidance
No forward guidance provided in the press release.