FOURTH QUARTER 2019 HIGHLIGHTS • GAAP results: Revenue of $491 million (+3%), Operating Income of $80 million (+10%), and EPS of $1.10 (+19%) FISCAL YEAR 2019 HIGHLIGHTS • GAAP results: Revenue of $1.8 billion (+0.2%), Operating Income of $224 million (-3%), and EPS of $2.91 (-12%). “We are pleased with the momentum that we’re seeing across the Company,” said Brian Napack, President and CEO. “We achieved our targets for revenue and earnings and are seeing good growth in strategic areas such as Research Open Access publishing, Education Services, Test Preparation and Certification, and corporate training. We also made two important acquisitions in education and began to see returns from our multi-year business optimization program. We are executing well and are energized by the results we are seeing from our strategic investments in the important markets we serve – research and education.” Click Read More below for additional information.
Costco Wholesale Corporation (“Costco” or the “Company”) (NASDAQ: COST) today reported net sales of $9.23 billion for the month of May, the four weeks ended May 29, 2016, an increase of three percent from $8.98 billion during the similar period last year. This year May includes one additional sales day in the U.S. versus last year due to the timing of Memorial Day. This calendar shift positively impacted this year’s net and comparable sales by an estimated two and one-half percent (three and one-half percent in the U.S.).
For the thirty-nine weeks ended May 29, 2016, the Company reported net sales of $87.18 billion, an increase of two percent from $85.31 billion during the similar period last year.