Costco's quarterly profit falls 15 pct

Reuters

March 6 (Reuters) - Warehouse club operator Costco Wholesale Corp reported a 15 percent decline in quarterly profit, hurt by weaker gross margins in some non-foods merchandises and in its fresh food business.

The company's profit fell to $463 million, or $1.05 cents per share, for the 12 weeks ended Feb. 16 from $547 million, or $1.24 per share, a year earlier.

Second-quarter sales rose 6 percent to $25.76 billion.

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