Inside COST’s Results
Costco reported earnings of $598 million, or $1.35 per share, up from $463 million, or $1.05 per share, last year. On average, analysts expected to see EPS of $1.18.
Revenue increased to $26.87 billion from $25.76 billion last year. Analysts expected to see revenue of $27.7 billion.
Costco Benefited From Lower Fuel Costs
The company has certainly benefited from favorable fuel costs, but the spotlight has been on its terminated deal with American Express. This week, COST announced that it will switch to exclusively accepting Visa cards in 2016.
Mutual Funds to Watch
|VTSMX||Vanguard Total Stock Mkt Idx||1.71%|
|VFINX||Vanguard 500 Index||0.64%|
The Bottom Line
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