Costco’s profit up 16% in Q4

As international markets outgained the United States by more than double, Costco, the largest membership warehouse club chain in the United States, posted a profit of $432 million. Beating out the original estimates of financial analysts, the company’s profits increased by 16% in the 4th quarter – outshining last year’s mark of $374 million. Membership fees helped contribute to the 8% rise in revenue to $24.12 billion, slightly under Wall Street’s projection of $24.23 billion…Read More