Source: Supermarkets News
Author: Russell Redman
Warehouse club giant raises hourly pay, looks to boost e-commerce operations
Earnings soared at Costco Wholesale Corp. in the fiscal 2019 second quarter, climbing well over the upper end of Wall Street’s forecast.
Costco said late Thursday that reported net income for the quarter ended Feb. 17 totaled $889 million, or $2.01 per diluted share, compared with $701 million, or $1.59 per diluted share, a year earlier.