business news in context, analysis with attitude

  • Costco Wholesale Corp. reported that net sales for fiscal 2004 were $47.15 billion, up 13 percent from $41.69 billion during the prior fiscal year. Same-store sales were up 10 percent for the year. Net income for fiscal 2004 increased 22 percent to $882.4 million, up from $721.0 million during fiscal year 2003.

    Net sales for the fourth quarter increased 11 percent to $14.83 billion, from $13.42 billion during the year-ago fourth quarter, and same store sales for the period were up eight percent. Net income for the fourth quarter increased 24 percent to $296.8 million, from $239.4 million during the fourth quarter of fiscal 2003.

  • Spartan Stores reported that consolidated net sales for the 12-week second quarter were $486.7 million compared with $491.4 million in the corresponding 12-week period last year. Second-quarter net earnings of $7.0 million were more than three times higher than last year's second-quarter net earnings of $1.8 million. Same-store sales were up 1.7 percent.

KC's View: