Costco (COST) turned in the kind of numbers that are not supposed to get posted in a retailing recession.
Net sales for the 16-week fourth quarter ended September 2, 2007, increased 3%, to $20.09 billion from $19.50 billion during the 17-week fourth quarter ended September 3, 2006.
Net income for the 16-week fourth quarter was $372.4 million, or $.83 per diluted share, compared to $355.6 million, or $.75 per diluted share, during the 17-week fourth quarter of fiscal 2006
Same store sales improved 5% for the quarter and 6% for September.
Douglas A. McIntyre