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Costco: Sales are slowing

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SAN FRANCISCO (MarketWatch) -- Costco Wholesale Corp. reported Thursday that fiscal first-quarter net income was about flat, undercut by pretax charges, with its finance chief warning that sales are slowing even as bargain-hunting shoppers turn to the warehouse stores for deals in a downbeat economy.

Chief Financial Officer Richard Galanti also said that the No.1 U.S. wholesale club won't earn the 75 cents a share Wall Street is predicting for the company's current quarter ending in February. He added that it was too hard to predict if Costco would earn the $3.01 a share analysts' expect for its fiscal year.

"We haven't seen sales improve," Galanti told analysts in a conference call. "The trend during the quarter was lower, not higher."

http://www.marketwatch.com/news/story/Cost...p;dist=hplatest


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Maybe people have realized they don't need 65 gallon-sized bottles of pickles...


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I love Costco. And pickles.

Mmm...pickles.


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Filed: Country: Philippines
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I love Costco. And pickles.

Mmm...pickles.

LOL... ;)

Maybe people have realized they don't need 65 gallon-sized bottles of pickles...

Or pay $40/year for the 'privilage'... :wacko:

Depending on how much you buy, the savings can be substantially more.

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Filed: Country: Philippines
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Or pay $40/year for the 'privilage'... :wacko:

Depending on how much you buy, the savings can be substantially more.

:thumbs:

This news is troubling. So far, the video game industry hasn't seen a drop in sales...

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Or pay $40/year for the 'privilage'... :wacko:

Depending on how much you buy, the savings can be substantially more.

:thumbs:

This news is troubling. So far, the video game industry hasn't seen a drop in sales...

Wait for the post-holidays slump....


Man is made by his belief. As he believes, so he is.

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Filed: Country: Philippines
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Or pay $40/year for the 'privilage'... :wacko:

Depending on how much you buy, the savings can be substantially more.

:thumbs:

This news is troubling. So far, the video game industry hasn't seen a drop in sales...

Wait for the post-holidays slump....

I know...I feel the clock ticking. If I have to, I'll train to become a nurse.

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