Cowen Remains Bullish on Costco Wholesale (COST) Despite 2Q EPS Miss

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Go back to Cowen Remains Bullish on Costco Wholesale (COST) Despite 2Q EPS Miss

Costco Wholesale Corporation Reports Second Quarter and Year-to-Date Operating Results for Fiscal Year 2016 and February Sales Results

March 2, 2016 9:00 PM EST

ISSAQUAH, WA -- (Marketwired) -- 03/02/16 -- Costco Wholesale Corporation ("Costco" or the "Company") (NASDAQ: COST) today announced its operating results for the second quarter (twelve weeks) and first half (24 weeks) of fiscal 2016, ended February 14, 2016.

Net sales for the quarter increased three percent, to $27.57 billion from $26.87 billion last year. Net sales for the first half increased two percent, to $54.19 billion from $53.16 billion last year.

Comparable sales for the twelve-week and twenty-four-week periods were as follows:

12 Weeks 24 Weeks --------- --------- U.S. 3% 3% Canada -7% -8% Other International -3% -4% Total Company 1% 0% =========... More