Costco Net Rises 1.3 Percent for Q4, 19.3 Percent for Fiscal Year

CostcoISSAQUAH, Wash.-Costco's fiscal year ended with a slight 1.3 percent pickup in net income for the fourth quarter and a more robust 19.3 percent gain in net income for the fiscal year.

The bottom-line totals were $617 million for the quarter and $2 billion for the year, which ended on Sept. 1. Net sales in the quarter edged up 0.8 percent to $31.8 billion, and rose 6 percent for the year, to $102.9 billion. Same-store sales in the quarter increased 5 percent.

Net income in the quarter felt pressure from gross margin, which was down 168 basis points to 12.5 percent. Selling, general and administrative expenses increased 1.8 percent in dollars and nine basis points as a percentage of sales, to 9.5 percent.

The warehouse-club retailer finished the fiscal year with 638 warehouses, including 454 in the United States and Puerto Rico, 85 in Canada, 34 in Mexico, 25 in the United Kingdom, 18 in Japan, 10 in Taiwan, nine in Korea and three in Australia. A Costco statement said the company plans to open 11 new warehouses before the end of calendar 2013.

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.