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. ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.