International wholesaler and retailer Costco has reported an increase in net sales by 8% from $26bn last year to $28bn this year for its third quarter ending 7 May 2017.
Costco’s global net sales for the first 36 weeks of its financial year have increased further by 6%, from $80bn to $85bn.
Overall, the net income for the quarter was $700m, compared to $545m last year in the same period.
This was partially as a result of the $82m tax benefit, in connection with the special dividend announcement last month that saw the chain announce plans to return $3.1bn to its shareholders.
A breakdown of figures for Costco’s UK arm was not made available.
