Costco Q4 profit, net sales rise 1 pct

Reuters

Oct 9 (Reuters) - Costco Wholesale Corp posted a 1percent rise in quarterly profit and a three percent increase inits same-store sales for the month of September.

Costco earned $617 million, or $1.40 per share, in the16-week fiscal fourth quarter ended on Sept. 1, compared with aprofit of $609 million, or $1.39 per share, in the year earlierquarter that was 17 weeks long.

It also said that September sales at clubs open at least ayear, or same-store sales, rose 3 percent, including the impactof fuel prices and foreign exchange.

Analysts had expected September same-store sales to rise 3.7percent, according to Thomson Reuters I/B/E/S.

Fourth-quarter net sales rose 1 percent to $31.77 billion.

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