Costco (COST)

Costco announced a 3% decrease in net sales over its fiscal Q4 which ended August 30. Sales over the period dropped from $22.63 billion to $21.89 billion. Net sales over the fiscal year 2009 dropped 2% from $70.98 billion to $69.89 billion. Net income during Q4 was $374 million, compared with $398 million in the year ago period. Net income for fiscal year 2009 was $1.09 billion, compared with $1.28 billion in fiscal year 2008.
The company cites the recession and foreign exchange rates as key contributors to the operating results.

Oct 14 · 3:19:00 PM · Source: Drug Store News
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by Michael Oliveto