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Costco wholesale Second Quarter Earnings Call
Author: 123jump.com Staff
123jump.com
Last Update: 9:24 AM EDT April 09 2007

Costco, international chain of membership warehouses, stated that its net income fell to $249.478 million, versus $296.203 million in Q2 2006, hurt in part by costs associated with revamping its consumer electronics return policy. Quarterly comparable sales rose 5% over Q2 2006. Costco repurchased 8.9 million shares of its common stock in the quarter, totaling about $480.8 million. The firm guided net income for the fourth quarter of 2007 at $258 million.

 

 

 
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