UPDATE: Costco Q4 Profit Up 27%

Costco Wholesale

posted a 27% rise in its Q4 profit. Costco's quarterly earnings increased to $609 million, or $1.39 per share, from $478 million, or $1.08 per share, in the year-ago period. Its sales climbed 14% to $31.52 billion, while same-store sales rose 5%. Costco's membership fee revenue surged around 18% to $694 million. Costco shares closed at $99.64 yesterday.