Costco posts Q4, year-end gains

ISSAQUAH, Wash. — Costco Wholesale Corp. announced Q4 net sales of $41.36 billion, a 15.8% hike from $35.73 billion a year ago. Net sales for the year were $126.17 billion, up by 8.7% from $116.07 billion in 2016. At the same time, the company reported net sales of $12.4 billion for the month of September, an increase of 12.1% from $11.06 billion last September. Net income for the quarter was $919 million, or $2.08 per diluted share, compared to $779 million, or $1.77 per diluted share last year.