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Costco Wholesale Q1 revenue rose 3.2% to $28.1 billion

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Staff 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
Costco Wholesale   Same-store sales rose 1%
Same-store sales for Costco, which have been lackluster in recent quarters, rose 1%, an improvement over the 1% retreat logged a year ago and matching the forecast of analysts polled by FactSet.

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.