This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Costco's Key Revenue Figure Rises In April

ISSAQUAH, Wash. (AP) â¿¿ Costco Wholesale Corp.'s revenue from stores open at least a year rose 4 percent in April, but missed Wall Street's expectations.

Analysts polled by Thomson Reuters forecast a 5.1 percent increase from the wholesale club operator.

This metric is a key gauge of a retailer's health because it excludes results from stores recently opened or closed.

Costco posted a 4 percent rise in the figure in the U.S. and a 3 percent gain abroad.

Removing higher gas prices and unfavorable foreign currency translation, revenue at stores in the U.S. open at least a year still rose 4 percent and increased 7 percent internationally. For the total company, the metric rose 5 percent.

Costco's said Thursday that its total revenue for the four weeks ended April 29 climbed 7 percent to $7.25 billion.

Year-to-date revenue at stores open at least a year jumped 8 percent. The metric was up by that same amount in the U.S. and overseas.

Excluding higher gas prices and unfavorable foreign currency translation, the figure rose 7 percent for the period. It was up 6 percent in the U.S. and gained 9 percent abroad.

The Issaquah, Wash., company's total revenue for the period increased 10 percent to $63.59 billion.

Costco will release its third-quarter results on May 24.

The company runs 602 warehouses, including 435 in the U.S. and Puerto Rico, 82 in Canada, 32 in Mexico, 22 in the U.K., 13 in Japan, eight in Taiwan, seven in Korea and three in Australia.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs