BANGALORE - Costco Wholesale Corp. (cost).(O) posted a quarterly profit higher that it sold more than gasoline, and received a boost from stronger foreign currencies.
The largest club of warehouse earned U.S. 324 million dollars or 73 cents per share, in its exercise, third quarter ended May 8, compared with a profit of $ 306 million, or 68 cents per share, a year ago.
Costco, which sells everything from gas necklaces of diamonds at a discount for its members, said net sales rose 16% to 20.19 billion during the quarter.
Sales in stores open at least one year, or same-store sales, past 12 per cent. With the exception of inflation in the price of gasoline and stronger foreign currencies, same store sales rose 7 percent.
Quarterly results include a charge before tax of 49 million dollars, or 7 cents per share.
Shares closed at $81.35 Tuesday on the Nasdaq.
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