Costco sales up at year-end

ISSAQUAH, Wash. — Costco saw net sales for the fourth quarter of $34.75 billion, an increase of 9% from $31.77 billion in fiscal 2013. Net sales for the fiscal year were $110.21 billion, up 7% from $102.87 billion last year. Comparable sales rose 6% for the quarter and 4% for the year. Net income for the fourth quarter was $697 million, or $1.58 per diluted share, compared to $617 million, or $1.40 per diluted share, last year. Net income for the fiscal year was $2.06 billion, or $4.65 per diluted share, compared to $2.04 billion, or $4.63 per diluted share, in fiscal year 2013.