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Costco Fourth-Quarter Profit, Sales Rise
Costco Wholesale (COST Quote) reported a rise in fourth-quarter profit as same-store warehouse sales in the period rose 9%.
The discount retailer reported fourth-quarter net income of $397.8 million, or 90 cents a share, compared with $372.4 million, or 83 cents a share, a year earlier. The latest quarter included charges of 7 cents a share largely from prices increases in food, grocery items and gasoline. The year-earlier quarter included charges of 8 cents a share.
Analysts surveyed by Thomson Reuters expected Costco to earn 93 cents a share. ...
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