Costco 2nd-Quarter Profit Falls 5.4%
- Share via
From Bloomberg News
Costco Wholesale Corp. said its fiscal second-quarter earnings fell 5.4% because employee insurance costs increased and sales growth slowed.
Second-quarter net income fell to $182.1 million, or 39 cents a share, from $192.6 million, or 41 cents, a year earlier. Revenue rose7.8% to $10.1 billion in the three months ended Feb. 16, Costco said.
Costco shares fell 55 cents to $28.75 on Nasdaq.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
