ISSAQUAH, Wash. — Costco Wholesale Corp. here yesterday said it expects it earnings for the second quarter, which ends Feb. 15, to be below analysts' consensus estimates of 70 cents per share, largely because of slow sales in nonfood items, heavy markdowns, weaker margins in fuel sales and soft international results against a strengthening U.S. dollar.
The company is scheduled to report results on March 4. Costco said January comparable-store sales fell 2%, with flat results in the U.S. offset by 9% declines in international comps.
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