ISSAQUAH, WA - Costco continues to perform well in its earnings reports. The retailer recently released its operating results for the third quarter (12 weeks) and the first 36 weeks of fiscal 2024, ended May 12, 2024. In the report, Costco noted that it came close to $57.4 billion in net sales in Q3.
"We're definitely winning in consumables, as we see the food business and dining away from home has softened up a bit," Chief Executive Officer Ron Vachris said on a call with investors.
The company reported that net sales for the quarter increased 9.1 percent, to $57.39 billion—up from $52.6 billion last year.
Net sales for the first 36 weeks increased 7 percent, to $171.44 billion, up from $160.28 billion last year. Net sales were positively impacted by approximately 0.5 to 1 percent for the quarter.
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