COSTCO ESTIMATES TANK ON HIGH FUEL COSTS

ISSAQUAH, Wash. -- Being the low-price leader in gasoline while fuel prices soar has come at an expense for Costco, executives of the warehouse club based here said.Record-high gas prices in recent weeks have put margins under such intense pressure at Costco that the retailer revised its earnings estimates downward for its current quarter and fiscal year. Costco, which is scheduled to report third-quarter

ISSAQUAH, Wash. -- Being the low-price leader in gasoline while fuel prices soar has come at an expense for Costco, executives of the warehouse club based here said.

Record-high gas prices in recent weeks have put margins under such intense pressure at Costco that the retailer revised its earnings estimates downward for its current quarter and fiscal year. Costco, which is scheduled to report third-quarter results on May 26, said earnings per share are expected to be between 41 and 43

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