Costco Posts a Strong 4Q

Home Textiles Today Staff -- Home Textiles Today, 10/22/2012 2:00:00 AM

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.