Costco's quarterly results indicate the retailer is thriving despite high inflation

Costco's quarterly results indicate the retailer is thriving despite high inflation

Costco (COST) reported a solid fiscal fourth quarter after the closing bell Thursday. Total revenue, which includes revenues from membership fees, increased 15% year over year to $72.09 billion, a slight beat compared to the consensus estimate of $72.04 billion. Earnings per share grew nearly 12% year over year to $4.20, beating estimates of $4.17. Over the full 16-week period, comparable sales in the United States increased 15.8% or 9.6% on an adjusted basis, which excludes the impact of gasoline …