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Costco Q4 Sales, Net Income Rise

Fourth quarter net sales at Costco were up as domestic comparable store sales were up as well.

Net sales for the 16-week period ending September 2 was $43.4 billion, an increase of 5% over the comparable quarter the previous year. Net income for the fourth quarter was $1.043 billion, or $2.36 per diluted share, compared to $919 million, or $2.08 per diluted share, in the comparable quarter the previous year.

Company-wide comparable store sales, excluding sales of gasoline, were up 7.2% with comparable store sales at U.S. locations up 7.8%.

For the full year, net sales were $138.4 billion, an increase of 9.7% from sales in fiscal year 2017. Net income for the 52-week fiscal year was $3.13 billion, or $7.09 per diluted share, compared to $2.68 billion, or $6.08 per diluted share, in the prior fiscal year.

Company-wide comparable store sales growth for the year was 6.8% with yearly domestic comparable-store sales up 7.4%.