Lower fees, growing organic sales highlight Costco 4Q

Lower fees, growing organic sales highlight Costco 4Q

Savings associated with a switch from American Express to Visa cards over the summer helped Costco Wholesale post a narrow profit gain in its fiscal fourth quarter, helping to overcome sluggish U.S. comps impacted by food deflation.

The Issaquah, Wash.-based membership warehouse club said sales for the 16-week quarter, which ended Aug. 28, totaled $35.7 billion, an increase of 2% from the same period last year. In the U.S., comparable store sales declined by 1%, but were up by 2% ex

Register to view the full article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish