business news in context, analysis with attitude


  • Winn-Dixie Stores reported net income in the quarter ended Sept. 18 rose to $34.8 million, from $22.4 million a year earlier. Total quarterly sales increased to $2.83 billion in the latest quarter, while same store sales were up two percent.


  • Costco reported that its fiscal 2002 full year net sales were $37.99 billion, an increase of 11 percent over last year, whilst same-store sales increased by 6 percent. Net income was up 16 percent to $700 million. The company posted fourth quarter net income that was up 30 percent to $247.4 million from $190.7 million during the same period a year ago. Quarterly total revenue rose to $12.3 billion from $11.13 billion.


  • Wal-Mart de Mexico (Walmex) posted September same-store sales that were up just 1.2 percent in September. The company blamed a weak peso that caused consumer uncertainty for the poor performance. Walmex total sales in September were the equivalent of $783 million (US), up 11 percent from September 2001 after adjustment for inflation.


  • 7-Eleven, Inc. reported a 2.7 percent increase in its U.S. same-store merchandise sales for September 2002, on top of a 5.8 percent increase in September 2001. Total merchandise sales for September 2002 were $633.1 million, an increase of 3.7 percent over the September 2001 total of $610.7 million. Gasoline sales for September 2002 were $245.2 million, a 6.2 percent increase compared to $231.0 million in the prior-year period.

    The following results compare year-to-date results through September 2002 to the same period last year: U.S. same-store merchandise sales have increased 3.1 percent, on top of a 4.9 percent increase for 2001. Merchandise sales total $5,504.7 million, an increase of 3.8 percent. Gasoline sales total $2,078.5 million, a decrease of 4.5 percent.

KC's View: