COST Q2 FY2009 Earnings down 27%, Sales down 0.7%, Dividend of $0.16/share

For Q2 of FY2009, ended Feb. 15, 2009, COST reported net earnings of $239 million, down 27% from the previous-year quarter. Earnings were negatively impacted by costs from opening 18 new warehouses and unfavorable foreign exchange rates. For the same quarter, total sales revenue was down 0.7%, or $16.5 billion, while membership fee revenue totaled $355 million, a 3.5% year-on-year. Cash dividend to common stockholders held constant at $0.16/share.

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