Costco Wholesale Q4 Profit Rises; Total Comps. Down 1% - Quick Facts

(RTTNews) - Costco Wholesale Corp. (COST) reported that its net income attributable to the company for the fourth quarter rose to $767 million or $1.73 per share, from $697 million or $1.58 per share, last year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.66 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the fourth quarter were $34.99 billion, an increase of one percent from $34.75 billion in fiscal 2014. Total revenue for the quarter increased to $35.78 billion from $35.52 billion in the previous year. Wall Street expected revenues of $36.22 billion for the quarter.

Total Comparable sales for the quarter decreased 1 percent, while it grew 6 percent, after excluding the negative impacts from gasoline price deflation and foreign exchange.