Costco has same-store success
May 27, 2004,
ISSAQUAH, Wash. — Helped by surging same-store sales, which climbed at a double-digit pace, Costco Warehouse Corp. drove third-quarter profits up almost a third, 29.2 percent, to $198.7 million from $153.8 million last year.
Sales at the multi-national operator of membership warehouse clubs rose 14.2 percent, to $10.7 billion from $9.3 billion. More importantly to the bottom line, same-store sales rocketed up 11 percent.
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