Costco (COST) to open +/- 25 North America locations in 2012
In Costco Wholesale’s (COST) Q3 2011 Earnings Call on May 25, 2011, Richard Galanti, Chief Financial Office, Executive Vice President, and Director, explained Costco’s new store development plan for 2012:
In terms of expansion plan for ’12, we’re still, let me say, 4 or so months out from the beginning of the fiscal year. There are currently 30 active projects on the current construction list. My guess is that figure for ’12 will ultimately be around 25 plus and including about a little under 1/2 and about 12 or so outside of North America. So we continue to ramp up in other countries where we have been pretty successful overseas.
I thought this was an interesting stat as well:
Our square footage total at Q3 end was 82,916,000
That’s a lot of square footage! OVER 1,900 ACRES OF SPACE!