Costco Q1 Sales Up 6%


Fiscal year first quarter sales at Costco Wholesale Corporation were up 6% and comparable store sales for locations open at least one year were up 3%.

Net sales for the quarter ended November 22, were $16.9 billion, up from sales of $16.03 billion in the same quarter the previous year. A breakdown of comparable store sales shows a 1% increase for stores based in the United States and a 13% increase for international locations.

Net income for the first quarter of fiscal 2010 was $266 million compared to $263 million during the first quarter of fiscal 2009.

Costco currently operates 566 warehouses, including 413 in the United States and Puerto Rico, 77 in Canada, 21 in the United Kingdom, seven in Korea, six in Taiwan, nine in Japan, one in Australia and 32 in Mexico.