Costco reports Q4, FY2015 sales

ISSAQUAH, Wash. — Coscto on Thursday reported results from August, Q4 and fiscal year 2015. In August, the company had net sales of $8.7 billion, which is down about 1% from the $8.8 billion in the same month last year. However, net sales were up about one percent for Q4 and up 3% for the entire fiscal year. For the entire year, Costco’s net sales were up 3% over 2014 at $113.7 billion. 

In terms of comps, the company’s U.S. operations gained 1% in August, 2% in Q4 and 3% for FY2015 over the same periods in 2014. Costco’s international comps fared less well, with a year-long decrease of 4%, an 11% decrease for August and 9% downturn in Q4 over the same periods last year. 

The company noted that with Labor Day coming a week later this year, pre-sales didn’t bein in August and that had a lowering effect on net sales of about 1%.