Revenue increases for Costco due to membership fee hike.

• Costco topped Wall Street's earnings and revenue estimates.
• The warehouse club was helped by an increase in its annual membership fee.
• E-commerce sales rose 13% in the quarter compared with the year-ago period.

Wall Street's quarterly earnings and sales estimates were beaten by on Thursday, thanks in part to increased membership fees.

According to a survey of analysts by LSEG, how the warehouse club performed in the fiscal first quarter compared to Wall Street's expectations.

• Earnings per share: $4.04 vs. $3.79 expected
• Revenue: $62.15 billion vs. $62.08 billion expected

In the three-month period that ended Nov. 24, Costco's net income increased to $1.80 billion, or $4.04 per share, from $1.59 billion, or $3.58 per share in the year-ago period. Revenue also increased from $57.80 billion in the year-ago period.

Since the increase in food and housing prices, Costco has profited from its reputation for offering bulk items at a better value. Additionally, the membership-based club raised its annual membership fee for the first time in nearly seven years. The quarterly results reflect the impact of this fee increase, which took effect in September.

Wall Street had expected Costco's membership fee revenue to be $1.16 billion, but it actually came in at $1.17 billion.

In the U.S., comparable sales increased by 5.2% year over year.

E-commerce sales rose 13% in the quarter compared with the year-ago period.

On Thursday, Costco shares closed at $988.39, up nearly 50% year-to-date, outpacing the 27% gains of the S&P 500 during the same period.

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