COSTCO REPORTS HIGHER SALES, EARNINGS FOR QUARTER

ISSAQUAH, Wash. -- Costco Wholesale Corp. here said last week sales and earnings rose for the second quarter and 24 weeks ended Feb. 13.creased 14%.Net income for the half rose 124.9% to $310.9 million, including an after-tax charge of $118 million in the prior year's first half reflecting the cumulative effect of a change in accounting for membership fees; excluding the charge, net income for the

Mar 06, 2000

ISSAQUAH, Wash. -- Costco Wholesale Corp. here said last week sales and earnings rose for the second quarter and 24 weeks ended Feb. 13.

creased 14%.

Net income for the half rose 124.9% to $310.9 million, including an after-tax charge of $118 million in the prior year's first half reflecting the cumulative effect of a change in accounting for membership fees; excluding the charge, net income for the half was up 21.3%. Sales for the half rose 17% to $14.4 billion, while comparable warehouse sales were up 13%.