Costco Net Picks Up 5.9 Percent in Third Quarter

ISSAQUAH, Wash.-Third-quarter net income for Costco finished at $324 million, up 5.9 percent from last year's third quarter.

The warehouse-club retailer accomplished this largely on the back of a 16 percent gain in net sales, to $20.2 billion. Total revenues, which include membership fees, also rose 16 percent to $20.6 billion.

Costco said same-club sales rose 12 percent in the third quarter when factoring in sales of gasoline. Without gas sales, same-club sales were up 7 percent.

The comparable-club results including gas parsed out to an increase of 10 percent for the U.S. clubs and 18 percent for the international locations. Taking gas out of this equation, U.S. same-club sales were up 6 percent and international same-club sales increased 11 percent.

While selling, general and administrative expenses rose 11 percent in dollar terms, they declined 41 basis points as a percentage of total revenues to 9.7 percent. Gross margin rang in at 12.4 percent, down 47 basis points from last year.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


  • Patti Carpenter Talks Color and its Importance in the Home

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN August 2017 cover


    August 2017

    COVER STORY: Sharpening the Focus on Millennials

    Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.


    • Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
    •  Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.