Annual profits have increased at US wholesale retailer Costco on the back of higher sales at home and abroad.

Costco yesterday (10 October) reported net income of US$1.71bn for the 53 weeks to 2 September. The result compared to the profit of $1.46bn recorded last year for the 52 weeks to 28 August.

Net sales were up 12% at $97.06bn. Comparable-store sales increased 7%, or 6% excluding fuel and currency fluctuation.

In the US, comparable-store sales grew 7%. Stripping out gas sales and foreign exchange, sales increased 6%.

Internationally, comparable-store sales rose 6%. Without the impact of fuel and forex, sales increased 8%.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.