Executive Summary

• Costco reported fiscal 3Q17 adjusted EPS of $1.40, up 13.3% from $1.24 in the year-ago quarter and beating the $1.31 consensus estimate. Revenues were $28.9 billion, up 7.8% year over year and beating the $28.6 billion consensus estimate.
• Total comps were up 5%, with comps up 6% in the US, up 2% in Canada and up 4% in other international regions.
• Effective June 1, Costco will raise the price of a Business membership by $5, to $60, and the price of an Executive membership by $10, to $120.