Costco's Same Store Sales Beat Analyst Estimates in August by Jordan Okumura


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Thu. September 5th, 2013 - by Jordan Okumura-Wright

<p> Costco Wholesale Corporation has posted its August, Fourth Quarter, and Fiscal Year 2013 Sales Results today, reporting net sales of $7.95 billion for August, a 7% increase from $7.44 billion during the similar period last year.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> For the 16-week fourth quarter, Costco reported net sales of $31.8 billion, a 1% increase from net sales of $31.5 billion reported in the 17-week fourth quarter of fiscal year 2012.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> And for the 52-week fiscal year, which ended September 1, 2013, the company reported net sales of $102.9 billion, a 6% increase from the $97.1 billion in the 53-week fiscal year of 2012.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> Costco plans to release its operating results for the fourth quarter (16 weeks) and fiscal year 2013 on October 9, 2013.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> Jeff Elliot, assistant vice president of financial planning and investor relations, says the company also plans to open 15 new warehouses by the end of the year, according to Reuters.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://www.reuters.com/article/2013/09/05/costco-results-idUSL4N0H11MV20130905" target="_new"> Costco </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">