By Kimberly Chin

 

Sales at Costco Wholesale Corp. rose in the fiscal fourth quarter as consumers continued to spend with the rise in vaccinations and economies reopening.

The wholesale retail chain's profit was $1.67 billion for the quarter ended Aug. 29, up from $1.39 billion in the year-earlier quarter. Per-share earnings were $3.76, compared with $3.13 last year. Analysts polled by FactSet were targeting earnings of $3.57 a share.

Revenue rose to $62.68 billion from $53.38 billion a year earlier. Analysts on average expected $61.41 billion.

Comparable sales, accounting for stores or digital channels operating for at least 12 months, were up 9.4%, excluding the effects of gasoline sales and currency movements.

 

Write to Kimberly Chin at kimberly.chin@wsj.com

 

(END) Dow Jones Newswires

September 23, 2021 16:42 ET (20:42 GMT)

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