What was Costco's revenue growth for the fiscal year 2013?

Costco reported a 6% increase in net sales, reaching $102.87 billion for the fiscal year ended August 31, 2013.

How did membership fees contribute to Costco's performance?

Membership fees increased by 10% to $2.29 billion, primarily driven by membership growth and recent increases in annual membership fees. This indicates strong member loyalty and a reliable revenue stream.

What is Costco's strategy for growth?

Costco's growth strategy focuses on opening new warehouses, with 26 new locations opened in fiscal year 2013, and increasing comparable store sales through driving member frequency and spend. They also aim to expand their private label offerings.

Did Costco return capital to shareholders in 2013?

Yes, Costco paid a regular quarterly dividend, increasing it to $0.31 per share in April 2013. Notably, they also paid a significant special cash dividend of $7.00 per share in December 2012.

COST 10-K FY2013 Annual Report — Revenue, Net Income, EPS

Summary

Costco Wholesale Corporation (COST) filed its 10-K for the fiscal year ended August 31, 2013. The company reported strong net sales growth of 6%, reaching $102.87 billion, driven by a consistent 6% increase in comparable warehouse sales across its domestic and international operations. Membership fees also saw a healthy 10% increase, signaling strong member loyalty and effective fee adjustments. Costco continues its expansion strategy, opening 26 new warehouses in the fiscal year, contributing to overall sales growth. Despite increased selling, general, and administrative (SG&A) expenses, partly due to investments in information systems, net income grew by 19% to $2.04 billion, or $4.63 per diluted share. A notable event was the special cash dividend of $7.00 per share paid in December 2012, funded partly by a significant debt issuance. The company maintains a solid financial position with ample cash flow to support ongoing operations and future capital expenditures.

Financial Highlights

49 data points

Beta

Revenue

$105.16B

0.1% Gross Margin

Net Income

$2.04B

0.0% Net Margin

EPS (Diluted)

$4.63

Total Assets

$30.28B

Cash & Equivalents

$4.64B

Free Cash Flow

$1.35B

Financial Statements

Beta

Revenue	$105.16B
Cost of Revenue	$91.95B
Gross Profit	$13.21B
SG&A Expenses	$10.10B
Operating Income	$3.05B
Interest Expense	$99.00M
Net Income	$2.04B
EPS (Basic)	$4.68
EPS (Diluted)	$4.63
Shares Outstanding (Basic)	435.74M
Shares Outstanding (Diluted)	440.51M

Key Highlights

1Net sales increased by 6% to $102.87 billion for the fiscal year ended August 31, 2013.
2Comparable warehouse sales grew by 6%, demonstrating consistent customer traffic and spending.
3Membership fees increased by 10%, reflecting strong member retention and successful fee adjustments.
4Costco opened 26 new warehouses during the fiscal year, continuing its expansion strategy.
5Net income rose by 19% to $2.04 billion, with diluted earnings per share at $4.63.
6The company paid a significant special cash dividend of $7.00 per share in December 2012.
7Costco's international operations continue to contribute meaningfully to overall sales, with growth across various regions.

COSTCO WHOLESALE CORP /NEW Annual Report, Year Ended Sep 1, 2013

Summary

Financial Highlights

Key Highlights

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