retail news in context, analysis with attitude


  • Costco Wholesale Corp. posted first quarter earnings of $160.2 million, compared with $145.7 million in the same period a year earlier. Quarterly sales rose 14 percent to $10.31 billion, while same-store sales also were up 14 percent.



  • Ingles Markets reported a 15 percent increase in net income for fiscal year 2003 over fiscal year 2002. Net income was $17.0 million for the year ended September 27, 2003, compared to $14.7 million for the year ended September 28, 2002. Net income for the fourth quarter of 2003 was $8.4 million compared to $3.8 million for the 2002 fourth quarter.

    Net sales for the fourth quarter of 2003 increased 3.7 percent over the fourth quarter of 2002 while comparable store sales increased 2.1 percent for the same period. For the year, net sales increased 1.6 percent with comparable store sales growth of 0.8 percent.

KC's View: