Costco Wholesale Q1 revenue rose 3.2% to $28.1 billionStaff Writer | December 8, 2016
Costco Wholesale posted a better-than-expected rise in profit for its fiscal first quarter, as same-store sales grew for the first time in the past three quarters.
Costco Wholesale Same-store sales rose 1%
For the first quarter, Costco reported a profit of $545 million, or $1.24 a share, up from $480 million, or $1.09 a share, a year earlier.
Revenue rose 3.2% to $28.1 billion. Net sales climbed 3.2% to $27.5 billion, while membership fees rose to $630 million from $593 million. ■