Net income for fiscal 2006 increased to $1.10 billion, or $2.30 per diluted share, from $1.06 billion or $2.18 per diluted share, during fiscal year 2005.
As previously disclosed, the fiscal year 2005 results also included several non-recurring items that in the aggregate positively impacted reported earnings by approximately $.14 per diluted share.
Exclusive of these items, the Company estimated its "normalized" fiscal year 2005 earnings were $2.04 per diluted share. The current year's earnings per diluted share represent an increase of 13 percent over that figure.
Costco Wholesale Corporation
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