UPDATE: Costco Q4 Profit Up 27%
Costco Wholesale (NASDAQ: COST) 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.
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