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Costco Wholesale Q1 2016 net sales increased 1 percent

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Staff writer ▼ | December 10, 2015
Costco Wholesale Corporation announced its operating results for the first quarter of fiscal 2016, ended November 22, 2015.
Costco Wholesale
Retail   Net sales were $26.63 billion
Net sales for the first quarter increased 1 percent, to $26.63 billion from $26.28 billion during the first quarter last year.

Net income for the quarter was $480 million, or $1.09 per diluted share, compared to $496 million, or $1.12 per diluted share, last year.

Costco currently operates 697 warehouses, including 487 in the United States and Puerto Rico, 90 in Canada, 36 in Mexico, 27 in the United Kingdom, 24 in Japan, 12 in Korea, 11 in Taiwan, eight in Australia and two in Spain.

The company plans to open one additional warehouse before the end of calendar year 2015. Costco also operates electronic commerce web sites in the U.S., Canada, the United Kingdom, Mexico and Korea.