West Coast that triggered a sharp

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14 billion, while membership fees totaled $66 million. As a result, the overall income for 2001 was $34.8 billion, registering a $2.6 billion increase over the 2000 fiscal year’s revenues of $32.16 billion. Despite the rise in net sales, the company recorded a drop in net income from $631 million in 2000 to $602 million, attributed to high operating expenses. Earnings per share also dropped to $1.


29 per share from $1.35. The company’s value also dropped slightly. In 2001, chief vp sales marketing officers email lists the company registered significant growth compared to the previous ten years. In the second quarter of the 2002 fiscal year, Costco’s net sales rose by 13% compared to the previous year. Costco launched two stores in Puerto Rico in November 2001. The same year, the company experienced a sudden drop in earnings following an energy crisis on the U.


Rise in energy prices. In 2001, Kirkland Signature brand’s olive oil accounted for 15% of total sales in the U.S., while wine sales were over $500 million. Costco partnered with American Express in 2001 to provide customers with membership to American Express and Costco under one card. By the end of 2001, nearly 1.9 million Costco members had co-branded cards.