Costco second-quarter profit up more than 13%
ISSAQUAH, Wash. – Net income rose 13.2% to $394 million while sales increased 10.1% to $22.51 billion during the second quarter of fiscal 2012 at Costco Wholesale Corp. Year-to-date profits advanced 8.2% to $714 million as sales gained 11.2% to $43.69 billion. The world’s leading membership warehouse club operator also reported a 10% increase in net sales during February to $7.04 billion. Comparable-store sales for the company rose 8% uniformly across domestic and international warehouses and for the company as a whole. Excluding the favorable impact of gasoline sales and the negative effect of foreign currency exchange rates, U.S.