Trade Costco If You Must, But It’s Not for Me

Costco Wholesale (COST) released the firm’s fiscal fourth quarter financial results on Thursday evening. For the 16 week period ended August 28th, Costco posted GAAP EPS of $4.20 on revenue of $72.09B. The bottom line print beat expectations by three cents and represents net income of $1.868B, which was up 11.8% from the year ago comp. The top line result also beat Wall Street, and showed a 15% year over year increase.

Membership fees increased 7.5% to $1.327B, slightly…

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