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Costco Wholesale: Q1 above consensus

(CercleFinance.com) - Costco Wholesale announces Q1 net profit that is up 10% at 844 million dollars, meaning EPS of 1.
90 dollar, 20 cents above analysts' estimates.

The warehouse distributor's sales increased 5.6% to over 36.2 billion dollars as reported. On a comparable basis, sales increased by 4.3% - in particular with a 5.5% increase in online commerce.

The group, which is based in Issaquah (Washington), currently operates 785 warehouses including 546 in the United States. It - specifies that its sales were negatively impacted (by about 0.5 point) by Thanksgiving, which was a week later this year.

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