Issaquah, Wash. - Costco reported a 10.6 percent increase in
net earnings, to $478 million, for its fiscal fourth quarter, ended Aug. 28.
Net sales during the three-month period rose 17 percent to
$27.6 billion, while same-store sales in the U.S. increased 6 percent excluding
the positive impact of higher gasoline prices.
Costco also reported a 15 percent increase in net September
sales, to $8.6 billion, and a 7 percent gain in U.S. same-store sales,
Separately, the warehouse club announced a Nov. 1 increase
in annual membership fees of $5 for Goldstar and Business members, to $55, and
a $10 increase for Executive members, to $110. Costco also raised the 2 percent
cash-back rewards ceiling for Executive members from $500 to $750.
the full fiscal year, net earnings rose 12.3 percent to $1.5 billion, net sales
increased 14 percent to $87 billion, and U.S. same-store sales rose 5 percent
Issaquah, Wash. - Costco reported a 10.6 percent increase in net earnings, to $478 million, for its fiscal fourth quarter, ended Aug. 28.