(Finance) – Costco Wholesale Corporationa large US chain of wholesale hypermarkets, closed on fourth quarter of the 2024 financial year (ended September 1, 2024) with net sales of $78.2 billion, up 1 percent from net sales of $77.4 billion in the 17-week fourth quarter of fiscal 2023. For the full year (52 weeks), the company reported net sales of $249.6 billion, a 5 percent increase from $237.7 billion reported in fiscal 53-week 2023.
THE’net profit was $2.354 billion, $5.29 per share, compared to $2.160 billion, $4.86 per share, in last year’s fourth quarter. This year’s results included a $63 million non-recurring net tax benefit related to a transfer pricing agreement and tax reserve adjustments. Net income for the year was $7.367 billion, $16.56 per share, compared to $6.292 billion, $14.16 per share, in the 53-week period a year earlier.
Costco currently operates 891 warehouseincluding 614 in the United States and Puerto Rico, 108 in Canada, 40 in Mexico, 35 in Japan, 29 in the United Kingdom, 19 in Korea, 15 in Australia, 14 in Taiwan, seven in China, five in Spain, two in France and one each in Iceland, New Zealand and Sweden. Costco also operates e-commerce sites in the United States, Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan and Australia.
(Photo: Grant Beirute on Unsplash)