Costco Wholesale Corporation Reports December Sales Results

Costco Wholesale Corporation announced its operating results for the third quarter (twelve weeks) and the thirty-six weeks ended May 13, 2018. Net sales for the quarter increased 12.1 percent, to $31.62 billion, from $28.22 billion last year. Net sales for the first thirty-six weeks of fiscal 2018 increased 12.0 percent, to $95.02 billion, from $84.82 billion last year. Net income for the quarter was $750 million, or $1.70 per diluted share, compared to $700 million, or $1.59 per diluted share, last year. Click Read More below for additional information.

At an event here to celebrate the new Holiday Elves stamps, with Santa, Mrs. Claus, reindeer and the Santa Claus House (on St. Nicholas Drive!) as the backdrop, the Postal Service announced that letters for the 110-year-old USPS Operation Santa program can be sent beginning today — six weeks earlier than previous years. The holiday season is here! “USPS Operation Santa allows generous customers to grant the holiday wishes of children and families in need. The program is now accepting wish lists for this year’s program,” said Michael Elston, the Secretary of the U.S. Postal Service Board of Governors, who served as the dedicating official for the stamp event. “We know this is earlier than usual, but we’re pretty excited to get the season started and we know kids around the country are eager to write to Santa, using these stamps on the envelopes.”

Chico's FAS, Inc. reported holiday sales and updated its outlook for fiscal 2021 fourth quarter sales and earnings. Molly Langenstein, Chico's FAS Chief Executive Officer and President, and Patrick ("PJ") Guido, Chico's FAS Chief Financial Officer, will discuss progress on the Company's strategic plan and these results at the ICR Conference today at 3:30 PM ET. For the nine-week holiday period ending January 1, 2022, total net sales grew approximately 30% compared to the same period last year. Comparable sales for the nine-week holiday period grew approximately 31.5% over fiscal 2020. The Company has updated its fourth quarter outlook and expects fourth quarter net sales at the low end of the $495 million to $510 million range previously provided on November 30, 2021 and expects diluted earnings per share at the high end of the previously provided $0.00 to $0.05 range.