"Paid membership" model shows its power! Costco (COST.US) Q2 profit beats expectations, sales grow against the trend
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The financial report shows that Costco's revenue in the second quarter reached $69.6 billions, a year-on-year increase of 9.2%, exceeding expectations by $280 millions; adjusted earnings per share were $4.58, 3 cents higher than the average forecast. The total membership fee income for the quarter reached $1.36 billions, surpassing market expectations.
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