Food Leads Comp Sales in Costco 4Q

Costco said yesterday that food was one of the bright spots during its fourth quarter, which ended Aug. 31, with positive comparable-store sales numbers, compared with comps that were flat to -10% in most nonfood categories, including furniture, jewelry, electronics, housewares and domestics.

ISSAQUAH, Wash. — Costco here said yesterday that food was one of the bright spots during its fourth quarter, which ended Aug. 31, with positive comparable-store sales numbers, compared with comps that were flat to -10% in most nonfood categories, including furniture, jewelry, electronics, housewares and domestics. Net income for the 16-week quarter rose 6.8% to $397.8 million, while sales climbed 12.6% to $22.6 billion and U.S. comps rose 9%. For the year, net income increased 18.5% to $1.3

Register to view the full article

Already a member? .