AI English summary of an SEC filing — figures as filed
Costco COSTThe company said net sales for Q3 (12 weeks, ended May 12, 2024) rose 9.1% to $57.39 billion. Net sales for the same quarter last year were $52.60 billion. The company said the shift in the fiscal calendar, due to the fifty-third week last year, had a positive impact of about 0.5 to 1.0% on quarterly net sales.
Key points
AI summaryThe company said net sales for Q3 (12 weeks, ended May 12, 2024) rose 9.1% to $57.39 billion. Net sales for the same quarter last year were $52.60 billion. The company said the shift in the fiscal calendar, due to the fifty-third week last year, had a positive impact of about 0.5 to 1.0% on quarterly net sales.
The company said net income for Q3 was $1.68 billion ($3.78 per diluted share). Net income for the same quarter last year was $1.30 billion ($2.93 per diluted share), which the company said included a non-recurring charge to merchandise costs of $298 million pretax ($0.50 per diluted share), primarily related to the discontinuation of its charter shipping activities.
The company said comparable sales for Q3 (12 weeks) rose 6.6% company-wide, and were 6.5% on an adjusted basis excluding the impacts from changes in gasoline prices and foreign exchange. E-commerce comparable sales for Q3 rose 20.7% over 36 weeks 14.9%.
The company reported net cash provided by operating activities of $8,381 million for the 36 weeks ended May 12, 2024, and cash dividend payments of $8,527 million. Cash and cash equivalents were $10,404 million at the end of the period, compared with $13,700 million at the beginning of the year.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Q3 (12 weeks) net sales $57.39 billion
The company said net sales for Q3 (12 weeks, ended May 12, 2024) rose 9.1% to $57.39 billion. Net sales for the same quarter last year were $52.60 billion. The company said the shift in the fiscal calendar, due to the fifty-third week last year, had a positive impact of about 0.5 to 1.0% on quarterly net sales.
Source · Based on the filing body and exhibits
Q3 net income $1.68 billion, diluted EPS $3.78
The company said net income for Q3 was $1.68 billion ($3.78 per diluted share). Net income for the same quarter last year was $1.30 billion ($2.93 per diluted share), which the company said included a non-recurring charge to merchandise costs of $298 million pretax ($0.50 per diluted share), primarily related to the discontinuation of its charter shipping activities.
Source · Based on the filing body and exhibits
Q3 comparable sales and e-commerce
The company said comparable sales for Q3 (12 weeks) rose 6.6% company-wide, and were 6.5% on an adjusted basis excluding the impacts from changes in gasoline prices and foreign exchange. E-commerce comparable sales for Q3 rose 20.7% over 36 weeks 14.9%.
Source · Based on the filing body and exhibits
36-week operating cash flow and cash dividend payments
The company reported net cash provided by operating activities of $8,381 million for the 36 weeks ended May 12, 2024, and cash dividend payments of $8,527 million. Cash and cash equivalents were $10,404 million at the end of the period, compared with $13,700 million at the beginning of the year.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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