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Costco Reports Q2 Results
Mar 2, 2006
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Warehouse retailer Costco Wholesale Corporation said net sales for the second quarter of fiscal 2006, ended Feb. 12, 2006, increased 11 percent to U.S. $13.78 billion from $12.41 billion during the second quarter of fiscal 2005. Net income for the second quarter of fiscal 2006 was $296.2 million, or $0.62 per diluted share, compared to $305.5 million, or $0.62 per diluted share, during the second quarter of fiscal 2005.

Costco, based in Issaquah, Washington, U.S., operates 471 warehouses stores, including 346 in the U.S. and Puerto Rico, 66 in Canada, 17 in the United Kingdom, five in Korea, four in Taiwan, five in Japan, and 28 in Mexico. The company also operates the Costco Online e-commerce Web site.

Net sales for the first half of fiscal 2006 increased 11 percent to $26.45 billion from $23.75 billion during the first half of fiscal 2005. Net income for the first half of fiscal 2006 increased 3 percent to $512.0 million, or $1.06 per diluted share, compared to net income for the first half of fiscal 2005 of $498.6 million, or $1.02 per diluted share.

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