Annual profits have increased at US wholesale retailer Costco on the back of higher sales at home and abroad.

Costco yesterday (10 October) reported net income of US$1.71bn for the 53 weeks to 2 September. The result compared to the profit of $1.46bn recorded last year for the 52 weeks to 28 August.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Net sales were up 12% at $97.06bn. Comparable-store sales increased 7%, or 6% excluding fuel and currency fluctuation.

In the US, comparable-store sales grew 7%. Stripping out gas sales and foreign exchange, sales increased 6%.

Internationally, comparable-store sales rose 6%. Without the impact of fuel and forex, sales increased 8%.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now