Costco Posts a Strong 4Q
David Perry -- Furniture Today, October 23, 2012
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.
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