Wed Oct 07 14:43:02 -0400 2009

DowJones Newswires (New York)

- Costco Wholesale Corp.’s (COST) fiscal fourth-quarter earnings fell 6% as the nation’s biggest warehouse club continued struggling with weak sales of nonfood products, but profit did beat expectations for the first time this year and recent sales showed improvement.

“It feels like they are hitting a turning point,” said Joe Feldman, retail analyst at Telsey Advisory Group. “This is the second month in a row we’ve seen decent sales.”

To view the full article, download the PDF here: Dow Jones Newswires, October 7, 2009