Morgan Stanley Downgrades Costco Wholesale (COST) to Equalweight (Earlier)

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Costco Wholesale Corporation Reports Fourth Quarter and Fiscal Year 2017 Operating Results and September Sales Results

October 5, 2017 4:15 PM EDT

ISSAQUAH, Wash., Oct. 05, 2017 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (Costco or the Company) (Nasdaq: COST) today announced its operating results for the 17-week fourth quarter and the 53-week fiscal year ended September 3, 2017.

Net sales for the 17-week fourth quarter were $41.36 billion, an increase of 15.8 percent from $35.73 billion in the 16-week fourth quarter of fiscal 2016. Net sales for the 53-week fiscal year were $126.17 billion, an increase of 8.7 percent from $116.07 billion in the 52-week fiscal year of 2016.

The Company today also reported net sales of $12.40 billion for the month of September, the five weeks ended October 1, 2017, an... More