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Coscto earnings beat expectations and rose 39%. Proving you can pay above average wages and pull in high profits.

Costco - CS Monitor

Costco's fiscal second-quarter net income climbed 39 percent as it pulled in more money from membership fees, sales improved and it recorded a large tax benefit. The wholesale club operator earned $547 million, or $1.24 per share, for the period ended Feb. 17. That compares with $394 million, or 90 cents per share, a year earlier.

 

U.S. Wholesale Inventories Beats Expectations

Inventories at U.S. wholesalers rise at the fastest pace this year in September, adding to evidence that 3Q growth may have been stronger than initially thought.

 

Economic data points to stronger start to third quarter growth

Wholesale Inventory

Wholesale inventories in July rose by the most in five months, beating forecasts in a sign economic growth started the third quarter on stronger footing than expected.

 

Last Week's Economy Started Badly, But Ended on a Good Note

A week ago, the economy was looking pretty bad. China and India’s economic growth have slowed. Before Europe even has a chance to fully deal with the Greek crisis, another one sprang up: Spain. In the U.S., unemployment went up slightly in May and job growth slowed. It’s just all bad news for the global economy.

 

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