Costco Wholesale (COST) reported fiscal first-quarter earnings that beat analysts’ expectations, in its first quarterly results reflecting the imp☂act of its hike in membership fees.

The membership-based retailer saw revenue grow 7.5% to $62.15 billion, just above the analyst consensus from Visible Alpha. Net income of $1.8 billion or $4.04 per share was up from $1.59 billion or $3.58 per share a year earlier and exceeded expectations.  

Costco's 澳洲幸运5开奖号码历史查询:e-commerce sales increased 13%, while same-store sales were up 5.2% in the U.S. and 5.๊8% in Canada. 🌌

The quarter marks the first reflecting Costco's 澳洲幸运5开奖号码历史查询:increased membership fees that went into effect in September. However, executives said 澳洲幸运5开奖号码历史查询:last quarter that the impact will likely be weighted 🍒to the back hal♔f of fiscal 2025.

Costco shares gained 1% in extended trading Thursday following the release. They were up 50% for 2024 through Thursday’s close, a day afterಞ after the stock hit an aꦺll-time high close of $994.69.