Costco Wholesale Corp. on Wednesday reported a 2% fiscal Q4 sales rise to $35.7 billion, up from $35 billion a year earlier, but missed the $37.2 billion expected by analysts. The wholesale chain’s 52-week fiscal year ended August 28 saw net sales of $116.1 billion, a 2% increase from 2015’s fiscal year $113.7 billion.
Costco’s August same-store sales were flat, missing the Retail Metrics consensus estimate for a 1.3% increase. Full results for the quarter and year will be released later this month.
