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Costco Q1 earnings rise 13%
ISSAQUAH, Wash. — Costco Wholesale reported 2017 fiscal first-quarter net income rose 13% to $545 million ($1.24 per share), compared to $480 million ($1.09 per diluted share) during its 2016 fiscal first quarter. 2017 fiscal Q1 earnings benefitted from a non-recurring $51 million legal settlement.
For the quarter ended Nov. 20, net sales enjoyed a 3% percent year-over-year increase to $27.47 billion. In the United States, comparable store sales rose 1 percent year over year. Total revenues increased to $28.1 billion, helped by a $37 million increase in membership fees.
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Industry’s best and brightest collaborate at 18th DSN Industry Issues Summit
NEW YORK — Some 275 retail and CPG executives descended on the New York Athletic Club Thursday to talk about the future role the industry can play in chronic care management, how companies can embrace technology to better serve customers and patients and where the industry is headed at the 18th annual DSN Industry Issues Summit. The event was preceded Wednesday night with a cocktail reception at the Redeye Grill near Central Park.XThis ad will auto-close in 10 seconds