ISSAQUAH, WA - Costco’s numbers for fiscal year 2022 were already looking strong when the grocer revealed net sales of $17.55 billion for the month of August. Now, we’ve been granted a closer look at the chain’s performance for the 16-week fourth quarter and the 52-week fiscal year, which ended August 28, 2022, and Costco is still on the rise.
This latest report revealed a $198 million income boost as the retailer’s fourth quarter net income reached $1.868 billion, a substantial rise from the $1.670 billion reported last year.
According to the press release, Costco’s net sales for the quarter increased 15.2 percent, to $70.76 billion, from $61.44 billion last year. For the full fiscal year, net sales increased 16.0 percent, to $222.73 billion, from $192.05 billion last year.
The company’s net income for the fiscal year reached $5.84 billion compared to $5.01 billion in the prior year.
With a network that spans 838 warehouses, and locations in the United States, Canada, Japan, Mexico, the United Kingdom, Australia, Spain, and more, we won’t be surprised to see even more impressive growth from this retailer.
Stay tuned as ANUK brings you the latest updates on all things grocery.
