• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Billionaire TikTok founder is now the richest person in all of Asia, with a $105 billion net worth—he's gained $92 billion since 2019 thanks to AI

2

Ed Sheeran asked Patriots owner Robert Kraft for $2 million aid donation after Macklemore was dropped from his tour for pro-Palestine comments

3

Current price of oil as of September 18, 2026

1

Billionaire TikTok founder is now the richest person in all of Asia, with a $105 billion net worth—he's gained $92 billion since 2019 thanks to AI

2

Ed Sheeran asked Patriots owner Robert Kraft for $2 million aid donation after Macklemore was dropped from his tour for pro-Palestine comments

3

Current price of oil as of September 18, 2026
RetailCostco

Costco’s quarterly profit rises on higher sales in U.S., abroad

By
John Kell
John Kell
Contributing Writer and author of CIO Intelligence
Down Arrow Button Icon
By
John Kell
John Kell
Contributing Writer and author of CIO Intelligence
Down Arrow Button Icon
May 29, 2014, 10:23 AM ET
Google source logo
Add Fortune on Google for similar content.

FORTUNE — Costco Wholesale Corp. (COST) posted a 3.1% increase in fiscal third-quarter earnings as the discount-wholesale retailer reported higher sales in the U.S. and in markets abroad.

Though Costco’s sales were broadly higher, the growth the retailer reported for the latest period fell slightly under Wall Street’s expectations.

Executives at some of the top U.S. retailers have broadly reported disappointing results for their latest quarter, with many blaming severe winter weather for weak store traffic and sales. Costco’s executives earlier this year lamented weather was problematic when the company reported its second-quarter results in March. The company didn’t address those themes in its prepared statement on Thursday, which only focuses on the retailer’s operating results and provides no commentary.

MORE: Weather a popular scapegoat as retailers disappoint

Costco reported same-store sales rose 5% in the U.S. and 3% internationally. Excluding gasoline price deflation and foreign currency exchange, same-store sales rose 6% in the U.S. and leapt 8% abroad. A bulk of the company’s 655 warehouses are in the U.S., with stores in several other markets including Canada, Mexico and the United Kingdom.

Overall, Costco reported net income of $473 million, or $1.07 a share, up from $459 million, or $1.04 a share, a year ago. Total revenue, which includes membership fees, increased 7.1% to $25.79 billion.

Analysts had expected a profit of $1.10 a share on $25.85 billion in revenue, according to a survey by Bloomberg.

About the Author
By John KellContributing Writer and author of CIO Intelligence

John Kell is a contributing writer for Fortune and author of Fortune’s CIO Intelligence newsletter.

See full bioRight Arrow Button Icon

Latest in Retail


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Retail


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.