3 Things Costco Management Wants You To Know
Costco (NASDAQ: COST) kicked off its fiscal year with some very solid results. The warehouse club saw net sales jump 13.3% to $31.12 billion in Q1 2018, up from $27.47 billion during the first quarter of last year.
In addition, the retailer reported that comparable-store sales rose 10.3% in the United States and 10.5% globally. These increases, which were fueled in part by a big jump in digital sales, saw earnings per share (EPS) climb to $1.45, up from $1.24 in Q1 2017. A piece of that, $0.09 per share, came from a one-time benefit from a change in accounting, but last year's results also had a one-time benefit of $0.07 from a non-recurring legal settlement.
Costco had a strong quarter. Image source: Getty Images.
Source: Fool.com
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