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Warehouse Club Operator Costco Quarterly Sales Top Estimates

2018.06.14 10:45

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May 31 (Reuters) - Warehouse club operator Costco Wholesale Corp on Thursday reported quarterly revenue and comparable store sales that topped analysts' estimates, helped by a rise in membership fees and online sales.

Same-store sales, excluding fluctuations in gas prices and currencies, rose 7 percent in the reported quarter, beating analysts' estimate of a 5.4 percent rise, according to Thomson Reuters I/B/E/S.

Net income attributable to Costco rose to $750 million, or $1.70 per share, in the third quarter ended May 13 from $700 million, or $1.59 per share, a year earlier.

Total revenue rose 12.1 percent to $32.36 billion, beating average analysts' estimate of $31.91 billion. (Reporting by Nivedita Balu in Bengaluru; Editing by Anil D'Silva)

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