In 2024, Costco maintains growth and raises net margin to 2.9% of turnover

Featured image of the article In 2024, Costco maintains growth and raises net margin to 2.9% of turnover

An article by Morgane Monteiro

Publication

3 October 2024 à 14h58

Updated on 14 October 2024 à 11h01

Reading time

2 minutes

Publication: 3 October 2024 à 14h58, Updated on 14 October 2024 à 11h01

Reading time: 2 minutes

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An article by Morgane Monteiro

Publication

3 October 2024 à 14h58

Updated on 14 October 2024 à 11h01

Reading time

2 minutes

Publication: 3 October 2024 à 14h58, Updated on 14 October 2024 à 11h01

Reading time: 2 minutes

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On September 26, 2024, Costco, the world’s 2nd largest food retailer by sales, published results for the financial year ending August 2024. Continuing the growth momentum of 2023, the subscription-based wholesaler ended the year with sales of US$254.45 billion, up 5% on a comparable basis. Net profit grew to US$6.3 billion, representing 2.9% of sales (+0.3 point). E-commerce sales, which accounted for 6% of sales in 2023, rose to 6.53% this year. They have jumped by 16.2% in value...

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Article authors
Featured image of the article Morgane Monteiro
Morgane Monteiro Journalist
Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

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