Costco Reveals Second Quarter and Year-to-Date Operating Results
ISSAQUAH, WA - Staying up to date on the growth of the retail sector is what we here at AndNowUKnow do best, and Costco recently revealed the details of its second quarter and year-to-date operating results for fiscal 2022.
As outlined by the report, despite the ongoing challenges facing the supply chain, the retailer's net sales for the quarter increased 16.1 percent, to $50.94 billion, from $43.89 billion last year. Net sales for the first 24 weeks increased 16.4 percent, to $100.35 billion, from $86.23 billion last year, demonstrating a boost of over $14 billion.
Other key highlights from the report include:
- Net income for the quarter was $1,299 million compared to last year’s second quarter net income of $951 million
- Net income for the first 24 weeks was $2.62 billion
- For the four-week reporting month of February, net sales of $16.29 billion, an increase of 15.9 percent from $14.05 billion last year
Costco currently operates 828 warehouses within the United States, Canada, Mexico, Japan, Korea, Australia, Spain, China, France, Taiwan, and the United Kingdom. The company also operates e-commerce sites in the U.S., Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan, and Australia.
To read the full report, click here. Stay tuned for more retail updates from ANUK.