Will Costco Announce a Special Dividend on Dec. 11?
Group 1 - Costco Wholesale reported a revenue increase of 10% year-over-year, reaching $70.76 billion for the quarter [1] - The company's net income rose to $1.67 billion, reflecting a 12% increase compared to the previous year [1] - Membership fees contributed significantly, with a 7% increase in membership revenue, totaling $1.01 billion [1] Group 2 - The company experienced a 5% increase in same-store sales, driven by strong demand for groceries and household items [1] - E-commerce sales grew by 20%, highlighting the shift in consumer purchasing behavior [1] - Costco plans to open 25 new locations in the upcoming fiscal year, expanding its footprint in key markets [1]