Monday, December 17, 2018

Costco Q1 earnings beats Street; first location in China under construction

Chain Store Age
Costco Wholesale Club’s earnings climbed more than 19% in the first quarter amid strong sales at home.

Costco said it earned $767 million in the quarter ended Nov.25, up from $640 million in the year-ago period.

Revenue rose 10.2% to $35.07 billion from $31.81 billion a year ago. billion. Total same store sales rose 8.8%. Same-store sales rose 11% in the U.S., 4% internationally and 2.4% in Canada.. . . more