Costco’s 2Q performance misses analysts’ estimates

ISSAQUAH, Wash. (AP) — Costco’s fiscal second-quarter net income fell 15 percent, hurt by softer sales of some non-food items, weaker gross margins in its fresh foods business and the impact of weaker foreign currency exchange rates on its international results. The year-ago period was also helped by a tax benefit…. …read more

From: AP Washington News