Costco (COST) Sales Rise More Than Expected

Before you go, we thought you'd like these...
Before you go close icon

High-end big-box retailer Costco (NASDAQ: COST) had a better September than expected as revenue rose 8% to $9.31 billion. Same-store sales were up 6% worldwide. Excluding gas prices, the increase was 5%.

Final net sales for the 53-week fiscal year 2012 ended September 2, 2012, were $97.06 billion, an increase of 12% from $87.05 billion during the 52-week fiscal year 2011. Net sales for the 17-week fiscal fourth quarter ended September 2, 2012, were $31.52 billion, an increase of 14% from $27.59 billion during the 16-week fiscal fourth quarter of fiscal 2011.

Costco's numbers are a critical measure of big-box retail activity. It is the member of the group that includes Wal-Mart Stores Inc. (NYSE: WMT) and Target Corp. (NYSE: TGT). Among them quarterly retail sales are well above $150 billion.

The Costco numbers are encouraging as the year-end holiday period approaches. Many retailers make all of their profits in the final two months of the year.

Douglas A. McIntyre


Filed under: 24/7 Wall St. Wire, Retail Tagged: COST, TGT, WMT
Read Full Story

Markets

S&P 500 2,261.14 -10.17 -0.45%
DJIA 19,751.21 -76.04 -0.38%
NASDAQ 5,532.84 -22.50 -0.41%
DAX 11,526.28 -103.85 -0.89%
HANG SENG 22,898.52 12.61 0.06%
NIKKEI 225 18,891.03 -246.88 -1.29%
USD (per EUR) 1.07 0.00 0.25%
USD (per CHF) 1.00 0.00 -0.18%
JPY (per USD) 113.19 -0.62 -0.54%
GBP (per USD) 1.25 0.01 0.79%

From Our Partners