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More on Costco (COST) FQ4: Net profit +27% to $609M. Same-store sales +5% and +6% excluding the...

More on Costco (COST) FQ4: Net profit +27% to $609M. Same-store sales +5% and +6% excluding the affect of gasoline prices and forex fluctuations. Membership fee revenue +18% to $694M. Ends FY 2012 with 608 warehouses, including 439 in the U.S., and plans to open another 14 before the end of calendar 2012. (PR)
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Comments (3)
  • Sam Liu
    , contributor
    Comments (3864) | Send Message
     
    why did Costco sell premium CA gas at regular prices?
    10 Oct 2012, 04:12 AM Reply Like
  • asully
    , contributor
    Comments (6) | Send Message
     
    It drives market share into the stores. The gas is a mere loss leader and guess what?

     

    This strategy works!
    10 Oct 2012, 05:46 AM Reply Like
  • Sam Liu
    , contributor
    Comments (3864) | Send Message
     
    in Sacramento, the gas station and the store were not connected, close enough though for people to think of Costco, but not enough incentive to shop there.

     

    But lowering the gas prices seems consistent with that Founder and retired CEO Jim S. would do for the society!

     

    Got to love 'em!
    10 Oct 2012, 07:13 AM Reply Like
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