Costco reports June sales up 7.4%, announces membership fee increase effective Sept 1, 2024

COSTCO WHOLESALE CORP /NEW

June net sales $24.48B, +7.4% YoY; total company comp sales +5.3% (+6.9% ex gas/FX).
Quarterly cash dividend of $1.16 per share declared, payable Aug 9, 2024 to holders of record July 26.
U.S./Canada membership fees rise Sept 1: Gold Star/Business to $65, Executive to $130; max 2% reward to $1,250.
Fee increase impacts ~52 million memberships; over half are Executive memberships.
E-commerce comp sales +18.4% for the five weeks; +19.1% excluding gas and FX.

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