Costco Sees Q2 Profits Below Estimates

Costco Wholesale Corp. yesterday said it expects it earnings for the second quarter, which ends Feb. 15, to be below analysts' consensus estimates of 70 cents per share, largely because of slow sales in nonfood items, heavy markdowns, weaker margins in fuel sales and soft international results against a strengthening U.S. dollar.

ISSAQUAH, Wash. — Costco Wholesale Corp. here yesterday said it expects it earnings for the second quarter, which ends Feb. 15, to be below analysts' consensus estimates of 70 cents per share, largely because of slow sales in nonfood items, heavy markdowns, weaker margins in fuel sales and soft international results against a strengthening U.S. dollar.

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