Costco Q4 sales climb 9%; will open nine stores by year-end

Issaquah, Wash. – Costco Wholesale Corp. on Thursday reported that its revenue for the fourth-quarter climbed 9% to $34.8 billion. Total same-store sales, excluding negative impacts from gasoline price deflation and foreign exchange, increased 7%.



Costco plans to open nine new warehouse stores before the end of calendar year 2014.



During the full fiscal year 2014, Costco reported a 7% jump in net sales to $110.2 million from $102.9 million. Total same-store sales rose 6%.



The company will release full fourth quarter and fiscal year financial results on Oct. 8.