Description

Costco Wholesale Corporation: A Tale Of Value and Engagement through Core-on-Core Strategy!

Costco Wholesale Corporation reported its third quarter 2024 operating results, highlighting consistent growth and the manifestation of strategies driving member engagement and loyalty. Notably, despite being beyond the typical five-year cycle for a membership fee increase, there are no immediate plans for such a move, suggesting continued confidence in the business’s performance. Net income for the third quarter was $1.68 billion, or $3.78 per diluted share, a substantial increase from the previous year’s third quarter results of $1.3 billion and $2.93 per diluted share. Net sales also improved, with an increase of 9.1% from last year’s third quarter, reaching $57.39 billion. Additionally, membership fee income increased by 7.6% year-over-year, incubating robust renewal rates of 93% for the U.S. and Canada, and 90.5% worldwide.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

Want unlimited access to our reports? Purchase our $99 annual subscription!