Costco sees rise in Q1 same-store sales

ISSAQUAH, Wash. — Costco on Wednesday reported a boost in first-quarter sales and net income.



Net sales for the quarter increased 7%, to $26.28 billion from $24.47 billion during the first quarter last year. Total same-store sales increased 5%. In the United States, same-store sales increased 6%.



Net income for the quarter was $496 million, or $1.12 per diluted share, compared with $425 million, or 96 cents per diluted share, in the year-ago period.