• Costco reported this week that for the first time, it has exceeded $1 billion in sales on its e-commerce site alone, generated $1.22 billion worth of revenue online. This figure was up 39 percent from the $880 million done by Costco’s site during the last fiscal year – way outpacing the company’s total revenue growth of seven percent.
• Safeway reports that its third quarter net income was $194.6 million, compared with $173.5 billion during the same period a year ago. Q3 sales were $9.78 billion, up from $9.42 billion in last year's same period. Same-store sales were up three percent for the quarter.
• Target Corp. reports that its September sales rose 6.2 percent to $5.19 billion from $4.885 billion for the comparable period a year earlier. Same-store sales for the month were up 1.2 percent.
• PepsiCo reported Q3 net income of $1.74 billion, compared to $1.49 billion a year earlier. Revenue increased to $10.17 billion from $9.13 billion.
• Safeway reports that its third quarter net income was $194.6 million, compared with $173.5 billion during the same period a year ago. Q3 sales were $9.78 billion, up from $9.42 billion in last year's same period. Same-store sales were up three percent for the quarter.
• Target Corp. reports that its September sales rose 6.2 percent to $5.19 billion from $4.885 billion for the comparable period a year earlier. Same-store sales for the month were up 1.2 percent.
• PepsiCo reported Q3 net income of $1.74 billion, compared to $1.49 billion a year earlier. Revenue increased to $10.17 billion from $9.13 billion.
- KC's View:
