retail news in context, analysis with attitude

  • Costco Wholesale Corp. reported that second quarter earnings rose 35%, to $305.5 million from $226.8 million in the year-earlier quarter; the company said that part of the increase was due to accounting changes. Quarterly revenue jumped 9.6% to $12.66 billion from $11.55 billion, and same store sales were up seven percent.

  • Nash Finch Company announced 2004 annual earnings of $14.9 million, compared to $35.1 million for the pervious fiscal year. Total sales for fiscal 2004 were $3.9 billion versus $4.0 billion in fiscal 2003.

    For the fourth quarter of 2004, total sales were $920 million compared to $1.011 billion in the prior-year period. Net earnings were $11.2 million for the 12 week period of 2004, compared to $13.0 million in the year-ago period.

  • Walgreen Co. reported that its February sales were up 13.9 percent compared to the same month a year ago, to $3.44 billion. Same-store sales were up 9.3 percent.

  • Longs Drugs reported that sales for the fourth quarter dropped 2.4 percent to $1.19 billion from $1.22 billion a year ago, but generated earnings of $17.7 million, 32 percent higher than the earnings of $13.4 million in the year-ago period. Same-store sales were down 2.8 percent.

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