Costco Q2 Sales Hit $57B, Up From $51.6B Last Year

TL;DR

Costco crushing it: Q2 sales $57B vs $51.6B LY. Keep buying.

AI Summary

Costco Wholesale Corp filed its 10-Q for the period ending February 18, 2024. The company reported net sales of $57.0 billion for the second quarter of fiscal 2024, an increase from $51.6 billion in the same period last year. Total revenue for the first 24 weeks of fiscal 2024 reached $113.2 billion, up from $105.0 billion in the prior year.

Why It Matters

This filing provides insight into Costco's recent sales performance, indicating continued growth in a challenging retail environment.

Risk Assessment

Risk Level: low — The filing is a routine quarterly report with no immediate red flags.

Key Numbers

• $57.0B — Q2 Net Sales (Represents a year-over-year increase, indicating strong consumer demand.)
• $113.2B — Year-to-Date Total Revenue (Shows sustained revenue growth over the first half of the fiscal year.)
• 900,000,000 — Shares Outstanding (Indicates the total number of shares available in the market.)

Key Players & Entities

• COSTCO WHOLESALE CORP /NEW (company) — Filer
• February 18, 2024 (date) — Reporting Period End Date
• $57.0 billion (dollar_amount) — Second Quarter Net Sales
• $51.6 billion (dollar_amount) — Prior Year Second Quarter Net Sales
• $113.2 billion (dollar_amount) — Year-to-Date Total Revenue
• $105.0 billion (dollar_amount) — Prior Year Year-to-Date Total Revenue

FAQ

From the Filing

0000909832-24-000017.txt : 20240313 0000909832-24-000017.hdr.sgml : 20240313 20240313172357 ACCESSION NUMBER: 0000909832-24-000017 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 56 CONFORMED PERIOD OF REPORT: 20240218 FILED AS OF DATE: 20240313 DATE AS OF CHANGE: 20240313 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COSTCO WHOLESALE CORP /NEW CENTRAL INDEX KEY: 0000909832 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 911223280 STATE OF INCORPORATION: WA FISCAL YEAR END: 0901 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-20355 FILM NUMBER: 24747070 BUSINESS ADDRESS: STREET 1: 999 LAKE DRIVE CITY: ISSAQUAH STATE: WA ZIP: 98027- BUSINESS PHONE: 4253138100 MAIL ADDRESS: STREET 1: 999 LAKE DRIVE CITY: ISSAQUAH STATE: WA ZIP: 98027 FORMER COMPANY: FORMER CONFORMED NAME: COSTCO COMPANIES INC DATE OF NAME CHANGE: 19970401 FORMER COMPANY: FORMER CONFORMED NAME: PRICE/COSTCO INC DATE OF NAME CHANGE: 19930728 10-Q 1 cost-20240218.htm 10-Q cost-20240218 FALSE 2024 Q2 COSTCO WHOLESALE CORP /NEW 0000909832 9/1 0.005 0.005 100,000,000 100,000,000 — — — — 0.005 0.005 900,000,000 900,000,000 443,549,000 442,793,000 443,549,000 442,793,000 1 1 0000909832 2023-09-04 2024-02-18 0000909832 2024-03-06 xbrli:shares 0000909832 us-gaap:ProductMember 2023-11-27 2024-02-18 iso4217:USD 0000909832 us-gaap:ProductMember 2022-11-21 2023-02-12 0000909832 us-gaap:ProductMember 2023-09-04 2024-02-18 0000909832 us-gaap:ProductMember 2022-08-29 2023-02-12 0000909832 us-gaap:MembershipMember 2023-11-27 2024-02-18 0000909832 us-gaap:MembershipMember 2022-11-21 2023-02-12 0000909832 us-gaap:MembershipMember 2023-09-04 2024-02-18 0000909832 us-gaap:MembershipMember 2022-08-29 2023-02-12 0000909832 2023-11-27 2024-02-18 0000909832 2022-11-21 2023-02-12 0000909832 2022-08-29 2023-02-12 iso4217:USD xbrli:shares 0000909832 2024-02-18 0000909832 2023-09-03 0000909832 us-gaap:CommonStockMember 2023-11-26 0000909832 us-gaap:AdditionalPaidInCapitalMember 2023-11-26 0000909832 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-11-26 0000909832 us-gaap:RetainedEarningsMember 2023-11-26 0000909832 us-gaap:ParentMember 2023-11-26 0000909832 us-gaap:NoncontrollingInterestMember 2023-11-26 0000909832 2023-11-26 0000909832 us-gaap:RetainedEarningsMember 2023-11-27 2024-02-18 0000909832 us-gaap:ParentMember 2023-11-27 2024-02-18 0000909832 us-gaap:NoncontrollingInterestMember 2023-11-27 2024-02-18 0000909832 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-11-27 2024-02-18 0000909832 us-gaap:AdditionalPaidInCapitalMember 2023-11-27 2024-02-18 0000909832 us-gaap:CommonStockMember 2023-11-27 2024-02-18 0000909832 us-gaap:CommonStockMember 2024-02-18 0000909832 us-gaap:AdditionalPaidInCapitalMember 2024-02-18 0000909832 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-02-18 0000909832 us-gaap:RetainedEarningsMember 2024-02-18 0000909832 us-gaap:ParentMember 2024-02-18 0000909832 us-gaap:NoncontrollingInterestMember 2024-02-18 0000909832 us-gaap:CommonStockMember 2022-11-20 0000909832 us-gaap:AdditionalPaidInCapitalMember 2022-11-20 0000909832 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-11-20 0000909832 us-gaap:RetainedEarningsMember 2022-11-20 0000909832 us-gaap:ParentMember 2022-11-20 0000909832 us-gaap:NoncontrollingInterestMember 2022-11-20 0000909832 2022-11-20 0000909832 us-gaap:RetainedEarningsMember 2022-11-21 2023-02-12 0000909832 us-gaap:ParentMember 2022-11-21 2023-02-12 0000909832 us-gaap:NoncontrollingInterestMember 2022-11-21 2023-02-12 0000909832 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-11-21 2023-02-12 0000909832 us-gaap:AdditionalPaidInCapitalMember 2022-11-21 2023-02-12 0000909832 us-gaap:CommonStockMember 2022-11-21 2023-02-12 0000909832 us-gaap:CommonStockMember 2023-02-12 0000909832 us-gaap:AdditionalPaidInCapitalMember 2023-02-12 0000909832 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-02-12