Costco Q1 Results Sing

ISSAQUAH, WASH. - Costco Wholesale Corporation posted a 19% increase in net income in the first quarter, along with strong comp gains and sales growth over the 12 weeks as well as year to date.
     Net income hit $459 million, or $1.04 per diluted share, compared to last year's $386 million, or $.88 per diluted share.
     Quarterly net sales were up 8.0%, to $23.55 billion, compared to $21.85 billion. And comps grew 7% in the U.S. division, 7% internationally and 7% for the total company, excluding negative impacts from changes in gasoline prices and foreign exchange rates.
     Year to date, net income jumped 29% to $1.42 billion, or $3.23 per diluted share, compared to $1.10 billion, or $2.50 per diluted share, last year. The company said these results were positively impacted by a second quarter $62 million, or $.14 per diluted share, tax benefit in connection with the portion of the special cash dividend paid in December 2012 to the company 401(k) plan participants.
     Net sales for the first thirty- six weeks increased 8.0%, to $71.10 billion, from $65.54 billion last year. And comps grew by 6% in the United States, internationally, and for the total company.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!