Costco Wholesale (COST) reported mixed fiscal first-quarter results after the closing bell Thursday, amid weaker consumer demand. But the Club continues to see the fundamentals of the business as solid and are encouraged by the bulk retailer’s expected membership fee hike and special dividend. Total revenue , which includes revenues from membership fees, increased 8% year-over-year, to $54.44 billion, slightly below the consensus estimate by analysts of $54.64 billion, according to Refinitiv. E-commerce comparable sales fell 3.7% year-on-year, or 2% on an adjusted basis. For the total company, comparable sales increased 6.6% year-on-year, or 7.2% on an adjusted basis. Earnings-per-share grew 3% year-over-year, to $3.07 a share, missing analysts’ forecasts of $3.11 a share. The results were weighed d …
