Costco reports Q1 EPS $4.04, consensus $3.80

Reports Q1 revenue $62.15B, consensus $62B. Reports Q1 comparable sales up 5.2%. The company said, “Net income for the quarter was $1,798 million, $4.04 per diluted share, compared to $1,589 million, $3.58 per diluted share, last year. This year’s results included a tax benefit of $100 million, $0.22 per diluted share, related to stock-based compensation. Last year’s results included a tax benefit of $44 million, $0.10 per diluted share, also related to stock-based compensation.”