Costco Sales Rise 6.9 Percent in Q4

CostcoISSAQUAH, Wash.-Costco logged fourth-quarter net sales of $31.8 billion, up 1 percent from the fourth quarter of last year, according to a preliminary statement on the quarter from the warehouse-club retailer.

The fourth-quarter checkout total brought Costco’s net sales for the entire fiscal year, which ended on Sept. 1, to $102.9 billion, an increase of 6 percent from the previous fiscal year. Same-store sales in the quarter rose 5 percent, while for the fiscal year, same-store sales logged a 6 percent gain. These increases were the same for Costco when factoring in gasoline sales for both time frames.

The company said it will release its full fourth-quarter and fiscal-year results on Oct. 9.