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Costco Continues Posting Strong Comps For September, Full Year Monday October 8th, 2012 - 12:14PM
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 For the five weeks ended September 30, Costco Wholesale Corp. reported net sales of $9.31 billion, an 8% gain from the month last year. Final net sales for the 53-week fiscal year 2012 ended September 2 were $97.06 billion, up 12% from the 52-week fiscal year 2011 and, for the 17-week fiscal fourth quarter, net sales were $31.52 billion, up 14% from the 16-week period last year. Costco narrowly exceeded a Thomson Reuters analyst comparable store sales estimate. September includes week 53 of Costco’s 53-week 2012 fiscal year and the first four weeks of its 2013 fiscal year. Last year's September period included the first five weeks of the company's 2012 fiscal year. Comparable club sales in September, excluding fuel and exchange rate input, rose by 5% domestically and 6% internationally for a combined 5%. For the quarter, comps in the United States advanced by 6% while those in international markets advanced by 7% for a combined 6%. In the full fiscal year, comps in the U.S. rose by 6% and those in international markets rose 8% for a combined 6%. Currently, Costco operates 608 warehouses including 439 in the U.S. and Puerto Rico, 82 in Canada, 32 in Mexico, 22 in the United Kingdom, 13 in Japan, nine in Taiwan, eight in Korea and three in Australia. It also operates the www.costco.com e-commerce web site and, in Canada, at www.costco.ca. Tags: Housewares Cookware & Bakeware Vacuum Cleaners/Electric Cleaning Health & Personal Care Home Décor Home Environment Small Electrics Organization & Cleaning Tabletop Gadgets & Kitchen Tools Retail Financials |
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Dissecting what Ron Johnson got wrong during his brief, calamitous term at the helm of J.C. Penney is sure to be the focal point of retail strategy and tactics lessons for years to come. But Penney’s future could still hinge to some extent on what he got right.
