Costco Q2 Profit Climbs; February Comps Rise - Quick Facts

(RTTNews) - Membership warehouses operator Costco Wholesale Corp. (COST) reported Thursday that its net income for the second quarter was $598 million, or $1.35 per share, compared to $463 million or $1.05 per share last year.

Net sales for the quarter increased four percent to $26.87 billion from $25.76 billion last year.

Comparable sales for the quarter increased 2 percent with a 4 percent rise in U.S., despite a 2 percent drop in international comparable sales.

Comparable sales, excluding negative impacts from gasoline price deflation and foreign exchange, grew 8 percent with strong growth in both regions.

For the four-week reporting month of February ended March 1, the Company reported net sales of $8.18 billion, an increase of 4 percent from $7.90 billion last year.

Comparable sales for the month increased 1 percent with a 2 percent rise in U.S., while international comparable sales were flat. Comparable sales, excluding negative impacts from gasoline price deflation and foreign exchange, grew 8 percent with strong growth in both regions.