ISSAQUAH, WA - Costco Wholesale Corporation announced its operating results for the first quarter of fiscal 2025 (12 weeks), ended November 24, 2024. Net sales for the first quarter increased 7.5 percent, to $60.99 billion from $56.72 billion last year, according to a release from the company.

Net income for the quarter was $1,798 million, $4.04 per diluted share, compared to $1,589 million, $3.58 per diluted share, last year. This year’s results included a tax benefit of $100 million, $0.22 per diluted share, related to stock-based compensation. Last year’s results included a tax benefit of $44 million, $0.10 per diluted share, also related to stock-based compensation.

Costco currently operates 897 warehouses, including 617 in the United States and Puerto Rico, 109 in Canada, 41 in Mexico, 36 in Japan, 29 in the United Kingdom, 19 in Korea, 15 in Australia, 14 in Taiwan, seven in China, five in Spain, two in France, and one each in Iceland, New Zealand, and Sweden. Costco also operates e-commerce sites in the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan, and Australia.

For more from the release, click here.

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