ISSAQUAH, WA - The second quarter of 2024 marks another successful period for Costco Wholesale Corporation. With the unveiling of its operating results for the quarter and first 24 weeks of fiscal 2024, which ended February 18, the retailer reports that it has hit $114.05 billion in net sales.

For the second quarter, net sales increased 5.7 percent to $57.33 billion from $54.24 billion last year. According to a release, net income for the quarter was $1,743 million, $3.92 per diluted share, compared to $1,466 million, $3.30 per diluted share, last year.

Comparable sales for the United States during the second quarter were 4.3 percent, while total company comparable sales were 5.6 percent, and e-commerce was 18.6 percent.

Net sales for the first 24 weeks rose 5.9 percent from $107.68 billion last year. Net income for the first 24 weeks was $3.33 billion, $7.49 per diluted share, compared to $2.83 billion, $6.37 per diluted share last year.

During the first 24 weeks, comparable sales in the United States were 3.1 percent, the total company was 4.7 percent, and e-commerce was 12.2 percent.

For the four-week reporting month of February, which ended March 3, 2024, the company reported net sales of $18.21 billion, an increase of 6.9 percent from $17.04 billion last year. Net sales for the first 26 weeks were $123.15 billion, an increase of 6.1 percent from $116.06 billion last year.

To read more, click here.

Stay tuned to AndNowUKnow to see how Costco continues to perform throughout the year.