Despite analyst expectations, Costco posted profit earnings of $312 million for its first fiscal quarter. Up 71 cents per share from 60 cents per share from the same quarter last year, Costco’s sales rose to $18.8 billion. In other news, Home Depot is expecting an earnings per share rise of 27% for fiscal 2010….Read More
Costco will be stopping its distribution of Apple products from its stores. According to iLounge, the wholesale retailer was unable to attain stock of Apple’s merchandise; and as a result, will be phasing out the company’s products from it shelves. Last November, Costco ran into a similar situation when it stopped selling Coca Cola products, only to resume sales once the companies ironed out their business relationship… Read More
As international markets outgained the United States by more than double, Costco, the largest membership warehouse club chain in the United States, posted a profit of $432 million. Beating out the original estimates of financial analysts, the company’s profits increased by 16% in the 4th quarter – outshining last year’s mark of $374 million. Membership fees helped contribute to the 8% rise in revenue to $24.12 billion, slightly under Wall Street’s projection of $24.23 billion…Read More