KIRKLAND, Wash. -- Price/ Costco here said net income fell 10% to $62.3 million in the second quarter ended Feb. 13.
comparable-warehouse sales were down 3%.
Price/Costco's second-quarter figures reflect a $2.5 million pretax charge, or 1 cent per fully diluted share after taxes, for insurance deductibles resulting from the Los Angeles earthquake early this year. Six warehouses suffered structural or merchandise damage in the earthquake.
Last year's second-quarter re