Costco cites insurance costs for earnings dip

03/6/2003 | News Tribune (Tacoma, Wash.), The

Costco Wholesale said a $16 million expense to shore up its worker compensation reserve contributed to the 5.4% drop in fiscal second-quarter earnings. Club stores have seen slumping sales as consumers cut spending and supermarkets reduce prices.

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News Tribune (Tacoma, Wash.), The

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