Summary Box: Costco beats Wall Street estimates

THE NEWS: Costco Wholesale Corp. said its fiscal second-quarter profit rose 13 percent. It topped Wall Street expectations.

THE DETAILS: The company said revenue at stores open at least a year climbed 8 percent. The figure is a key gauge of a retailer’s health because it excludes results from stores recently opened or closed.

BEHIND THE NUMBERS: In the down economy, consumers have turned to the company‘s warehouse stores for deals on bulk groceries and household staples.

Article source: http://finance.yahoo.com/news/summary-box-costco-beats-wall-153759138.html

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