1、FISCAL YEAR ENDED SEPTEMBER 1,20242024ANNUAL REPORTDecember 11,2024Dear Costco Shareholders,The merchandise and services we sell are the lifeblood of our business.And our appeal to our members is possible only because of the dedication andexperience of our employees.As weve done in the past on a fre

2、quent basis,in fiscal 2024 we rewarded our employees by increasing wages across our payscales in the U.S.and Canada and other parts of the world.The stability of a cared-for employee base means our members experience courtesy andfriendliness whenever they visit a warehouse,which constitutes one of o

3、ur strongest competitive advantages.Net sales for 2024 totaled$249.6 billion,an increase of 5%.Net income was$7.4 billion,or$16.56 per diluted share,an increase of 17%.Revenue frommembership fees increased 5%to$4.8 billion,and our membership base grew to nearly 137 million cardholders,with a 90%rene

4、wal rate.These results arebased on 52 weeks compared to 53 weeks in the prior year.In January 2024,we paid a special cash dividend of$15 per share or$6.65 billion.Costcosexpansion in fiscal 2024 included opening 29 net new locations:23 in the U.S.,two each in China and Japan,and one each in Canadaan

5、d Korea.Our global buying staff is relentless in their focus on bringing increased everyday value to our members by offering quality products at the lowest possibleprices.They do this by working with our suppliers and logistics providers to reduce the cost of our items and collaborating globally to

6、identify new and excitingitems,including a growing number of high-quality products from diverse cultures.We continue to reinforce Costcos foundation in limiting the number of itemsthat we sell,focusing on the most productive items,and bringing goods to market in volume.These actions have allowed us