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Costco’s profit and sales rise

HONG KONG (MarketWatch) - Costco Wholesale Corp. said Wednesday its fiscal fourth-quarter net income rose to $397.8 million, or 90 cents a share, from $372.4 million, or 83 cents a share, in the year-ago period. The results for the most recent quarter ended Aug. 31 included 7 cents a share in charges, and the year-earlier figure included 8 cents a share in charges, the company said. Net sales rose to $22.63 billion from $20.09 billion. Total revenue, which includes membership fees, rose to $23.1 billion from $20.48 billion. Analysts, on average, expected the warehouse club-operator to earn 92 cents a share, according to FactSet Research. For the month of September, Costco said sales at stores open at least one year rose 7% for the total company, with an 8% gain in the U.S. and a 2% increase internationally. Analysts polled by Thomson Reuters expected same-store sales for the month […]

Original post by Forextvblog

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5 Responses to “Costco’s profit and sales rise”

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