ISSAQUAH (dpa-AFX) - Costco Wholesale Corp. (COST) reported that its total
comparable sales for the retail month of June, the five weeks ended July 7,
2024, increased 5.3% with US comparable sales up 5.6% and Canada comparable
sales up 5.2%.

Net sales were $24.48 billion for the retail month of June, an increase of 7.4
percent from $22.78 billion last year.

The company also announced that, effective September 1, 2024, it will increase
annual membership fees by $5 for U.S. and Canada Gold Star (individual),
Business, and Business add-on members. With the increase, all U.S. and Canada
Gold Star, Business and Business add-on members will pay an annual fee of $65.

Also effective September 1, annual fees for Executive Memberships in the U.S.
and Canada will increase from $120 to $130 (Primary membership of $65, plus the
Executive upgrade of $65), and the maximum annual 2% Reward associated with the
Executive Membership will increase from $1,000 to $1,250.

The fee increases will impact around 52 million memberships, a little over half
of which are Executive.

The company also announced that it has declared a quarterly cash dividend on
Costco common stock of $1.16 per share. The quarterly dividend is payable August
9, 2024, to shareholders of record at the close of business on July 26, 2024.



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