March 2, 2017 / 9:39 PM / 6 months ago

BRIEF-Costco Wholesale Q2 shr $1.17

March 2 (Reuters) - Costco Wholesale Corp:

* Costco Wholesale Corporation reports second quarter and year-to-date operating results for fiscal year 2017, february sales results, and plans for membership fee increase

* Q2 Shr $1.17

* Says net sales for quarter increased six percent, to $29.13 billion from $27.57 billion last year

* Q2 earnings per share view $1.36 -- Thomson Reuters I/B/E/S

* Costco Wholesale Corp - effective June 1, 2017, it will increase annual membership fees by $5 for U.S. and Canada Goldstar (individual), business

* Costco Wholesale Corp - will also increase annual membership fees by $5 for business add-on members

* Costco Wholesale Corp - with increase, all U.S. And Canada Goldstar, business and business add-on members will pay an annual fee of $60

* Says total co comparable sales for twelve-week period were up 3%

* Costco Wholesale - annual fees for executive memberships in U.S. And canada to increase from $110 to $120

* Costco Wholesale - effective June 1, maximum annual 2% reward associated with U.S., canada executive membership will increase from $750 to $1,000

* Costco Wholesale Corp - "fee increases will impact around 35 million members, roughly half of them executive members" Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below