Warehouse club Costco's Q3 profit up 32 pct

NEW YORK, May 29 (Reuters) - Costco Wholesale Corp (COST.O) said on Thursday that quarterly profit rose, as a result of a 13-percent jump in sales.

Net income was $295.1 million, or 67 cents per share, for the fiscal third quarter, compared with $224.0 million, or 49 cents per share, a year earlier, when the biggest U.S. warehouse club operator took a charge related to increased reserves for customer returns. (Reporting by Steve James; Editing by Greg Mahlich)