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Costco Reports Third Quarter and Year-to-Date Operating Results for Fiscal 2024; Ron Vachris Comments

Costco Reports Third Quarter and Year-to-Date Operating Results for Fiscal 2024; Ron Vachris Comments


ISSAQUAH, WA
Tuesday, June 4th, 2024

Costco came close to $57.4 billion in net sales in its third quarter of fiscal year 2024. The retailer reported its financial results for the 12 weeks and the first 36 weeks of fiscal 2024, ended May 12, 2024.

Ron Vachris, Chief Executive Officer, Costco"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.

Costco reported its third quarter 2024 and fiscal year 2024 earnings 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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