Tag Archives: Gasoline prices

Costco Q1 Net Edges Up 2.2 Percent


ISSAQUAH, Wash.-With expenses rising faster than sales, Costco reported first-quarter net income of $425 million, up just 2.2 percent from last year’s first quarter. The bottom line felt the impact of reduced gross margin and rising operating expenses. A 5.3 percent increase in merchandise costs cut 166 basis points from Costco’s gross margin, which finishedMore »

Last updated: December 11, 2013