Home / Knowledge / News / Apparel/Garments / Sales climb 9% at Costco Wholesale in Q4FY14
Sales climb 9% at Costco Wholesale in Q4FY14
11
Oct '14
Net sales for the fourth fiscal quarter ending August 31, 2013 at NASDAQ-listed Costco Wholesale Corporation totalled to $34.75 billion, up 9% from $31.77 billion in fiscal year ending August 31, 2013.

Net sales for the full fiscal year ending August 31, 2014 amounted to $110.21 billion, also up 7% from $102.87 billion in previous fiscal year.

Net income for the fourth fiscal quarter too rose to $697 million, or $1.58 per diluted share, compared to $617 million, or $1.40 per diluted share in the fourth quarter of fiscal 2013.

Net income for the fiscal year 2014 rose marginally to $2.06 billion or $4.65 per diluted share against $2.04 billion or $4.63 per diluted share in fiscal year 2013.

Costco said net income last year was positively impacted by a $62 million or $0.14 per diluted share tax benefit in connection with the portion of the special cash dividend paid in December 2012 to the Company 401(k) plan participants.

Costco currently operates 664 warehouses, including 469 in the United States and Puerto Rico, 88 in Canada, 33 in Mexico, 26 in the United Kingdom, 20 in Japan, 11 in Korea, 10 in Taiwan, six in Australia and one in Spain.

It plans to open additional eight new warehouses, which also includes relocating one warehouse by end of 2014.

Costco also operates electronic commerce web sites in US, Canada, United Kingdom and Mexico. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search