Costco Shares Slip After 11% Jump in Quarterly Sales

This article first appeared on GuruFocus. Costco Wholesale (NASDAQ:COST) fell 0.49% in premarket after the company reported fiscal fourth-quarter net sales up 11.2% to $93.9 billion and diluted earnings per share of $6.75, up from $5.87 a year earlier. The 16-week quarter included a one-time benefit of $0.15 a share from IEEPA tariff refunds, net of partial reinvestment in member value. Warning! GuruFocus has detected 3 Warning Sign with MSFT. Is COST fairly valued? Test your thesis with our free DCF calculator.COST GF Value chart Total company comparable sales rose 9.4%, but just 6.7% excluding the effects of gasoline prices and foreign exchange. U.S. comps rose 10.7%, or 7.2% adjusted, while Canada lagged at 4.6% adjusted.