Costco posts solid results  

Issaquah, Wash. – Membership warehouse club Costco today reported relatively positive results for its fourth quarter and fiscal year.

Fourth-quarter (16 weeks, ended Sept. 2) sales rose 3% to $20.1 billion, while comparable store sales were up 5%.

Earnings in the quarter reached $372.4 million, or $0.83 per diluted share, advancing from $355.6 million, or $0.75 per diluted share, an 11% boost.

Net income for fiscal 2007 at the 520-warehouse chain was $1.08 billion, down 1.8% from $1.10 billion in 2006. Earnings per diluted share, however, were up 3.0% to $2.37.

Sales rose 6.9% to $63.1 billion for the year. Comp store sales were up 6% for the year (5% at U.S. units; 9% internationally).

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

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

CURRENT ISSUE

HTT digital edition

See the June 2017 issue of Home & Textiles Today. In this issue, we discuss how U.S, ports are gearing up for the future, and what to expect from second half trade shows. See details!