Costco Reports Higher 4Q Profit as Sales, Membership Fees Rise

By Elias SchisgallCostco Wholesale reported a higher profit in its fiscal fourth quarter, boosted by growth in both net sales and membership fees.The company logged a profit of $3 billion, or $6.75 a share, in the quarter ended Aug. 30. That compares with a profit of $2.61 billion, or $5.87 a share…