Costco Wholesale Q2 beats on strong sales
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Costco Wholesale Q2 beats on strong sales

www.reuters.com   | 29.02.2012.

(Reuters) - U.S. warehouse club operator Costco Wholesale Corp posted quarterly profit above expectations, helped by strong sales.
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For its second quarter, Costco earned $394 million, or 90 cents per share, up from $348 million, or 79 cents per share last year.

Sales rose 10 percent to $22.51 billion.

Total revenue for the company, which sells products from chicken to couches to customers who pay annual membership fees, was $23 billion, up 10 percent.

The company was forecast to earn 87 cents per share, on revenue of $22.83 billion, according to Thomson Reuters I/B/E/S.

(Reporting by Eileen Anupa Soreng in Bangalore; Editing by Dan Lalor)



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