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Global Finance News 12 Dec 2025, 06:07
Costco Wholesale reported higher sales and profit for its first quarter of fiscal 2026, driven by solid comparable growth and strong digitally enabled demand. The retailer said net sales rose 8.2% to $65.98 billion for the 12 weeks ended Nov. 23, 2025, while comparable sales increased 6.4% companywide, with digitally enabled comparable sales up 20.5% excluding gasoline price and foreign-exchange impacts. Net income climbed to $2.001 billion, or $4.50 per diluted share, compared with $1.798 billion, or $4.04 per share, a year earlier, reflecting a $72 million tax benefit tied to stock-based compensation.

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