Costco's Q1 global sales rise 11%

ISSAQUAH, Wash. — Mass merchandiser Costco had global sales of $18.82 billion during first quarter fiscal 2011, which ended Nov. 21, according to a regulatory filing Wednesday.

That represented an 11% increase over $16.92 billion in first quarter fiscal 2010.

Profits for the quarter were $312 million, compared with $266 million a year ago.