Costco Wholesale Corporation (COST) has reported a 28.44 percent rise in profit for the quarter ended May 07, 2017. The company has earned $700 million, or $1.59 a share in the quarter, compared with $545 million, or $1.24 a share for the same period last year.
Revenue during the quarter grew 7.81 percent to $28,860 million from $26,769 million in the previous year period. Total expenses were 96.65 percent of quarterly revenues, down from 96.79 percent for the same period last year. This has led to an improvement of 15 basis points in operating margin to 3.35 percent.
Operating income for the quarter was $968 million, compared with $858 million in the previous year period.
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