Costco Posts a Strong 4Q
October 23, 2012-- Home Textiles Today,
ISSAQUAH, WASH. - Costco wrapped up its fourth quarter with a 27% jump in net income to $609 million, or $1.39 per share.
Sales for the quarter ended Sept. 2 climbed 14% to $31.5 billion. Comps, excluding the impact of gasoline sales, were up 6% in the U.S., 7% in the international division and 6% for the full company.
For the full fiscal year, net income rose 17% to was $609 million, or $1.39 per share. Sales increased 12% to $97.06 billion. Comps, excluding fuel sales, rose 6% in the U.S., 8% in the international division and 6% for the total company.
Costco ended the fiscal year with 608 clubs in seven countries, including 439 in the U.S. and Puerto Rico.
Related Content By Author
Day Two from Intertextile Shanghai