UPDATE 1-Costco posts higher Q2 profit

miércoles 3 de marzo de 2010 09:52 CET

* Q2 EPS $0.67 vs $0.55 yr ago

* Q2 same-store sales rise 9 percent

* February same-store sales up 9 percent

* February net sales rise 11 pct to $5.61 billion (Adds details)

March 3 (Reuters) - Costco Wholesale Corp (COST.O: Cotización) on Wednesday reported a higher quarterly profit for its holiday quarter, helped by more shoppers coming into its stores and improved sales of discretionary items, like home decor and clothes.

The No. 1 U.S. warehouse club operator also said its February same-store sales rose 9 percent, including the impact of fuel prices and foreign exchange.

According to Thomson Reuters data, 11 analysts, on average, were expecting an 8.5 percent gain.

For its fiscal second quarter ended Feb. 14, 2010, Costco earned $299 million, or 67 cents a share, compared with $239 million, or 55 cents a share, a year earlier.

Analysts, on average, were expecting earnings of 72 cents per share, according to Thomson Reuters I/B/E/S.   Continuación...