Dec. 14 (Bloomberg) -- Costco Wholesale Corp., which sells everything from $200 Coach handbags to cases of Gatorade to its club members, said first-quarter profit rose 10 percent, helped by demand for fresh food and computers.
Net income climbed to $236.9 million, or 51 cents a share, beating analysts' estimates, from $215.8 million, or 45 cents, a year earlier, the biggest U.S. members-only retailer said today in a statement. Revenue, including membership fees, grew 9.4 percent to $14.2 billion in the three months ended Nov. 26.
What does this mean for your value if you're buying in bulk? Either:
- You're paying more and getting less; or
- You're now shopping in a more crowded store
