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.
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. warehouses achieved 7% growth while international units posted a 9% increase. Total comparable-store sales on that basis improved 7%.
