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Oct 10, 2012

Costco profit rises on higher membership fees

Oct 10 (Reuters) – Costco Wholesale Corp posted a
higher-than-expected quarterly profit on Wednesday after the
U.S. warehouse retailer raised membership fees.

Costco, which has millions of members who pay annual fees to
shop at its giant stores, earned $609 million, or $1.39 per
share in the fiscal fourth quarter ended Sept. 2, compared with
$478 million, or $1.08 per share, a year earlier.

Oct 10, 2012

Costco profit rises on higher membership fees

Oct 10 (Reuters) – Costco Wholesale Corp posted a
higher-than-expected quarterly profit on Wednesday after the
U.S. warehouse retailer raised membership fees.

Costco, which has millions of members who pay annual fees to
shop at its giant stores, earned $609 million, or $1.39 per
share in the fiscal fourth quarter ended Sept. 2, compared with
$478 million, or $1.08 per share, a year earlier.

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