Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

US Costco Wholesale posts 27% jump in Q4 profit  Join our daily free Newsletter

MENAFN - 10/10/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) Costco Wholesale Corp stated that its profit in the fourth quarter increased 27 percent to USD609 million from USD478 million in 2011's same period, reported Reuters.

The firm added that the results were driven by higher membership fees and growing sales.

It said that revenue from membership fee jumped by nearly 18 percent to USD694 million.

The warehouse chain's quarterly sales grew 14 percent to USD31.52 billion, whereas same-store sales were up by 5 percent, and by 6 percent when excluding the effect of gasoline prices and foreign currency fluctuations.

It is worth noting that Costco has millions of members who pay fees on annual basis to shop at its giant stores.

 






  MENA News Headlines


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help