The company’s fourth quarter fiscal year 2017 comparable sales were up 5 percent compared with an increase of 2 percent last year. Comparable sales by global brand for the fourth quarter of fiscal year 2017 were as follows: • Old Navy Global: positive 9 percent versus positive 5 percent last year • Gap Global: flat versus flat last year • Banana Republic Global: positive 1 percent versus negative 3 percent last year. For fiscal year 2017, the company’s comparable sales were up 3 percent compared with a decline of 2 percent last year. Comparable sales by global brand for fiscal year 2017 were as follows: • Old Navy Global: positive 6 percent versus positive 1 percent last year • Gap Global: negative 1 percent versus negative 3 percent last year • Banana Republic Global: negative 2 percent versus negative 7 percent last year. Click Read More below for additional information.
Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq:COST) today reported net sales of $10.02 billion for the month of October, the four weeks ended October 29, 2017, an increase of 10.1 percent from $9.11 billion during the similar period last year.
For the first eight weeks of fiscal year 2018 ended October 29, 2017, the Company reported net sales of $19.87 billion, an increase of 11.3 percent from $17.85 billion for the first eight weeks of fiscal 2017 ended October 23, 2016.
*The U.S. comparable sales figure excluding the impacts from changes in gasoline prices and foreign exchange for the eight week YTD period was initially reported incorrectly as 8.1%.
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