Costco’s profits surge


ASSOCIATED PRESS: The warehouse club giant’s shares hit record highs Wednesday morning.

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ASSOCIATED PRESS: The warehouse club giant’s shares hit record highs Wednesday morning.

Sales at stores open at least a year rose 7 percent when the impact of lower gas prices and foreign exchange are stripped out.

Costco made $582 million from membership fees, up from $549 million a year ago during the same period.

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