It looks like every year the revenue and earnings are significantly higher in the quarter that ends in August than any other quarter. Why is this?Costco does not base their financial reporting strictly by calendar dates (i.e. month-end dates). It divides their fiscal year into 3 "quarters" of 12 weeks each and one quarter--the August end quarter--of 16 or occasionally 17 weeks (to keep the reporting dates similar from year to year). So the August "quarter" has basically an extra month.There are several companies that do it that way--Pepsi, for example. Don't know why.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS<