Costco Earnings Up for Q4 and Fiscal Year 2015

September 8th, 2015 · No Comments

I’m not a financial analyst, and I definitely don’t play one on the Internet, but I do like to share the latest Costco earnings information with everyone.  Good news for those still waiting for new Costco locations: by the end of calendar year 2015, Costco plans to open twelve new stores, along with the relocation of two existing stores.

Last week, Costco reported net sales of $8.7 billion for the month of August, the four weeks ended August 30, 2015, which was actually a decrease of one percent from $8.8 billion during the similar period last year.  For the 16-week fourth quarter, however, Costco reported net sales of $35.0 billion, an increase of one percent from$34.8 billion in the fourth quarter last year, which ended August 31, 2014.  And for the 52-week fiscal year ended August 30, 2015, they reported net sales of $113.7 billion, an increase of three percent from the $110.2 billion reported last year.  So, while sales were down a bit in August, the results for the fourth quarter and the year overall, are both up.

Their year end total sales results now rank Costco as the second largest retailer in the US by revenue, just after Wal-Mart.  However, their sales for stores that have been open at least a year (that’s same-store sales in fancy finance speak) are up 7% in the last year, excluding gasoline, however, with that included Costco’s same-store sales are up just 1%.  As you can see from that number, the wild fluctuations in gas and oil in the last year have taken a bit of toll on Costco.  Of course, that can be compared to a much more modest increase 1.5% (also excluding gasoline) for Wal-Mart in their last quarter.  Costco continues to outpace competitors, especially given the recent weaker than expected earnings for Wal-Mart their lowering of expectations for the full year.

Costco will be releasing its operating results for the fourth quarter and fiscal year ended August 30, 2015, on September 29, 2015.

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