Costco, Minimum Wage | featured news

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.

 

Of Course Costco Supports A Higher Minimum Wage: It Already Pays Above It

This isn't the most remarkable business statement ever. In fact, Costco coming out in support of a higher minimum wage is one of the more unsurprising ones. For Costco already pays well above minimum wage anyway. The only people who could be hurt by the rise are Costco's competitors. Costco Wholesale Corp. President and CEO Craig Jelinek is putting his name and company in the forefront of the latest drive to increase the federal minimum wage.

 

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