Costco Wholesale Corporation continues to showcase its remarkable resilience in a challenging retail landscape, reporting net sales of $27.52 billion for December 2024, marking a substantial increase of 9.9% from $25.03 billion in December 2023. This performance underscores the company?s strategic positioning and its ability to attract and retain customers even in fluctuating economic conditions.The results for December not only highlight impressive year-over-year growth but also reflect a consistent upward trend seen over the preceding months. In November 2024, Costco reported net sales of $21.87 billion, representing a 5.6% increase compared to the same period last year. The company?s sales performance has...
In a significant leadership transition, Costco Wholesale Corporation (Costco) has announced that Richard Galanti, the company s Chief Financial Officer (CFO), will be stepping down from his role effective March 15, 2024. Costco s Board of Directors has named Gary Millerchip as the new Executive Vice President and CFO, a move that highlights the company s commitment to a seamless succession and continued financial excellence. Background on Costco: Costco Wholesale Corporation, a Nasdaq-listed company (Nasdaq: COST), is a global retail giant with operations in 48 states across the United States, as well as in Puerto Rico, Canada, Mexico, China, Japan, South Korea, and many other countries. Th...
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