Jefferies Reiterates Hold on Costco Wholesale (COST) Following 4Q Report
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Costco Wholesale Corporation Responds to Partial Verdict
September 29, 2016 7:26 PM EDTISSAQUAH, WA -- (Marketwired) -- 09/29/16 -- Costco Wholesale Corporation ("Costco" or the "Company") (NASDAQ: COST) announced its response to the partial jury verdict returned today in the case brought by Tiffany & Co. Proceedings will immediately follow concerning the jury's determination that Tiffany & Co. is entitled to an award of punitive damages. Because the jury's deliberations are continuing, further comment is not appropriate at this time.
Costco currently operates 715 warehouses, including 501 in the United States and Puerto Rico, 91 in... More
Costco Wholesale Corporation Reports Fourth Quarter and Fiscal Year 2016 Operating Results
September 29, 2016 4:15 PM EDTISSAQUAH, WA -- (Marketwired) -- 09/29/16 -- Costco Wholesale Corporation ("Costco" or the "Company") (NASDAQ: COST) today announced its operating results for the 16-week fourth quarter and the 52-week fiscal year ended August 28, 2016.
Net sales for the fourth quarter were $35.73 billion, an increase of two percent from $34.99 billion in fiscal 2015. Net sales for the fiscal year were $116.07 billion, an increase of two percent from $113.67 billion last year.
Comparable sales were as follows:
16 Weeks 52 Weeks ---------- ---------- U.S. -1% 1% Canada 2% -3% Other International -2% -3% Total Company 0% 0% ========== ==========
Comparable... More
