On Thursday evening, Costco Wholesale reported EPS of $4.04 for its first accounting quarter (ended November 24), compared with $3.58 for the same period last year.
The group points out that its EPS for the past quarter includes a tax benefit (related to stock compensation) of 22 cents per share, compared with a non-recurring effect of the same type of 10 cents per share a year earlier.
Net sales for the quarter rose by 7.5% to $61 billion on a reported basis, including a 7.1% increase on a like-for-like basis and excluding the impact of changes in gasoline prices and exchange rates.
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Costco Wholesale Corporation specializes in the distribution of products and services at discount prices (food, sports equipment, household appliances, books, toys, jewelry, TVs, cameras, photo developing and printing services, etc.). The group develops its activity through a network of warehouse stores opened to individuals or companies who have paid a subscription fee. Net sales break down by revenue source as follows:
- sales of products (98.1%);
- sales of subscriptions (1.9%).
As of 01/09/2024, Costco Wholesale Corporation had a network of 890 warehouse stores located in the United States and Puerto Rico (614), Canada (108), Mexico (40), Japan (35), the United Kingdom (29), Korea (19), Australia (15), Taiwan (14), China (7), Spain (4), France (2), Sweden, New Zealand and Iceland.
Net sales are distributed geographically as follows: the United States (72.4%), Canada (13.7%) and other (13.9%).
COSTCO WHOLESALE CORPORATION 
