Costco Wholesale (COST) Misses Q2 EPS by 19c, Increases Annual Membership Fees
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Costco Wholesale Corporation Reports Second Quarter and Year-to-Date Operating Results for Fiscal Year 2017, February Sales Results, and Plans for Membership Fee Increase
March 2, 2017 4:15 PM ESTISSAQUAH, Wash., March 02, 2017 (GLOBE NEWSWIRE) -- 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 2017, ended February 12, 2017.
Net sales for the quarter increased six percent, to $29.13 billion from $27.57 billion last year. Net sales for the first half increased four percent, to $56.60 billion from $54.19 billion last year.
Comparable sales for the twelve-week and twenty-four-week periods were as follows:
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