CostCo’s (COST) shares are down 5% in the pre-market after it turned in what appeared to be good numbers.
No good enough.
Net sales for the first quarter of fiscal 2008 increased 12% to $15.47 billion from $13.85 billion during the first quarter of fiscal 2007. On a comparable warehouse basis, that is warehouses open at least one year, net sales increased 8%.
Net income for the first quarter of fiscal 2008 increased 11% to $262 million, or $.59 per diluted share, from $237 million, or $.51 per diluted share, during the first quarter of fiscal 2007.
The figures met Wall St. expectations. No one seemed to care
Douglas A. McIntyre
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