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Like Wal-Mart (which operates rival warehouse retailer Sam's Club), Costco benefited from a lax economy as shoppers sought bargains for everyday items, such as groceries and household goods. Revenue rose 7.1% and inventory turnover hit a record, although profit slid 1.9% due to the costs of a new return policy and reimbursing workers for tax losses on stock options. This past February, the company received government approval to sell its own brand of beer.
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| Revenues |
64,400.2 |
7.1 |
| Profits |
1,082.8 |
-1.9 |
| Assets |
19,606.6 |
— |
| Stockholders' equity |
8,623.3 |
— |
| Market value (3/28/2008) |
27,985.3 |
— |
| Revenues |
1.7 |
| Assets |
5.5 |
| Stockholders' equity |
12.6 |
| 2007 $ |
2.37 |
| % change from 2006 |
3.0 |
| 1997-2007 annual growth rate % |
12.4 |
| 2007 |
33.2 |
| 1997-2007 annual rate |
12.5 |
| 4 | Best Buy | 66 | 35,934.0 | | 5 | Staples | 128 | 19,372.7 | | 6 | TJX | 132 | 18,647.1 | | 7 | Gap | 162 | 15,779.0 | | 8 | Office Depot | 164 | 15,527.5 | | 9 | Toys 'R' Us | 189 | 13,646.0 | | 10 | Circuit City Stores | 215 | 12,429.8 | | 11 | Limited Brands | 257 | 10,134.2 | | 12 | OfficeMax | 288 | 9,082.0 | | 13 | BJ's Wholesale Club | 291 | 9,005.0 | | 14 | GameStop | 348 | 7,094.0 | | 15 | Bed Bath & Beyond | 368 | 6,617.4 | | 16 | AutoZone | 394 | 6,169.8 | | 17 | TravelCenters of America | 395 | 6,166.2 | | 18 | Pantry | 405 | 6,015.1 | | 19 | Ross Stores | 412 | 5,975.2 | | 20 | Blockbuster | 434 | 5,544.4 | | 21 | Foot Locker | 442 | 5,437.0 | | 22 | Barnes & Noble | 446 | 5,410.8 | | 23 | Advance Auto Parts | 476 | 4,844.4 | | 24 | PetSmart | 489 | 4,672.7 | | 25 | Big Lots | 493 | 4,656.3 | | 26 | Neiman Marcus | 513 | 4,419.7 | | 27 | RadioShack | 531 | 4,251.7 | | 28 | Dollar Tree | 533 | 4,242.6 | | 29 | Borders Group | 549 | 4,053.0 | | 30 | Williams-Sonoma | 556 | 3,944.9 | | 31 | Dick's Sporting Goods | 562 | 3,888.4 | | 32 | Michaels Stores | 564 | 3,862.0 | | 33 | Abercrombie & Fitch | 578 | 3,749.8 | | 34 | Casey's General Stores | 588 | 3,624.1 | | 35 | Burlington Coat Factory | 606 | 3,441.6 | | 36 | American Eagle Outfitters | 663 | 3,055.4 | | 37 | Collective Brands | 668 | 3,035.4 | | 38 | Charming Shoppes | 672 | 3,010.0 | | 39 | Tiffany | 676 | 2,991.6 | | 40 | Rent A Center | 692 | 2,906.1 | | 41 | Linens Holding | 711 | 2,794.8 | | 42 | Systemax | 713 | 2,779.9 | | 43 | Tractor Supply | 728 | 2,703.2 | | 44 | Coach | 733 | 2,678.9 | | 45 | Regis | 747 | 2,626.6 | | 46 | Susser Holdings | 763 | 2,539.2 | | 47 | O'Reilly Automotive | 767 | 2,522.3 | | 48 | Sally Beauty Holdings | 769 | 2,513.8 | | 49 | Zale | 784 | 2,437.1 | | 50 | AnnTaylor Stores | 793 | 2,396.5 | | 51 | Brown Shoe | 799 | 2,359.9 | | 52 | Cabela's | 802 | 2,349.6 | | 53 | Building Materials Holding | 812 | 2,314.7 | | 54 | Pep Boys-Manny, Moe & Jack | 846 | 2,162.6 | | 55 | Children's Place Retail Stores | 847 | 2,162.6 | | 56 | Men's Wearhouse | 865 | 2,112.6 | | 57 | Fastenal | 878 | 2,061.8 | | 58 | CSK Auto | 918 | 1,896.8 | | 59 | Jo Ann Stores | 922 | 1,878.8 | | 60 | PC Connection | 945 | 1,785.4 | | 61 | Chico's FAS | 971 | 1,716.0 |
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From the May 5, 2008 issue
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See Costco Wholesale in...
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