Beijing Business Daily News (Reporter Wang Weiyi) Recently, the first quarter performance report of the 2024 fiscal year released by American retail giant Costco showed that the revenue of the first quarter was $57.8 billion, a year-on-year increase of 6.2%, with a net profit of $1.589 billion and $1.364 billion in the same period last year, both higher than market expectations.
The financial report shows that Costco's overall same store sales increased by 3.8%, with the same store sales in the US market increasing by 2.0%, the same store sales in the Canadian market increasing by 6.4%, and the same store sales in the international market increasing by 11.2%. After excluding the impact of gasoline prices and foreign exchange fluctuations, same store sales in the United States increased by 2.6%, with an overall growth of 3.9%.