Costco quarterly results fall
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Costco Wholesale Corp.  on Thursday said its quarterly profit fell, hurt by charges for expensing stock options.
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Lower gas prices and cannibalization eat into Costco's results.
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Kraft Foods Inc. KFT.N on Monday  posted a 3.8 percent drop in quarterly profit, weighed down by  higher marketing spending and increased costs for cheese,  coffee and other materials.
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TJX Cos. Inc.&#39;s second-quarter earnings fell 4 percent, reflecting higher markdowns on merchandise due to softer sales trends.
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Altria Group Inc.  on Wednesday said quarterly profit fell 6.9 percent, weighed down by one-time charges at its Kraft Foods business and increased exposure to airline industry losses at its financial services unit.
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The results were in line with Wall Street expectations, but its shares slid almost 5 percent in morning trading on disappointment at Costcoâs operating margins.
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U.S. stocks were little changed on   Wednesday after a profit warning by Costco Wholesale Corp.   COST.O raised concerns about consumer spending, while U.S.   second-quarter economic growth was revised upward.
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ISSAQUAH, Wash. -- Discount retailing giant Costco Wholesale Corp. said Thursday that profits grew 21 percent in its fiscal first quarter, thanks to higher sales and more revenue from membership fees.
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Chevron Corp. , the No. 2 U.S.  oil company, said on Friday its fourth-quarter profit fell,  pulled down by weaker natural gas prices and refining margins.
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Quiksilver Inc. ZQK.N on Thursday   posted a drop in quarterly net income of about 78 percent due   to costs for stock-based compensation and soft demand for its   Rossignol ski brand during the summer months.
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Costco Wholesale Corp. , which sells discounted goods to 47 million members, lowered its profit forecast after it cut prices on electronics. Shares fell 4.2 percent, the most in 16 months.
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Stocks edged down at the opening on Tuesday as disappointing earnings from Best Buy Co. Inc.  revived worries about consumer spending.
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Best Buy Co., the nation's largest consumer electronics retailer, lowered its 2008 profit estimate yesterday. It blamed a softening economy that's steering shoppers away from high-margin items such as flat-screen TVs.
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Shares of Bob Evans Farms Inc. fell Monday after the family restaurant chain reported Tuesday that second-quarter earnings fell 41 percent because of soft same-store sales and higher food and labor costs.
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Diversified manufacturer Tyco International Ltd.  on Tuesday said quarterly net profit slipped on charges to pare debt and sell assets, and its shares fell 4 percent on lower-than-expected sales and rising inventory.
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Kraft Foods Inc. KFT.N on Tuesday  posted a 28 percent drop in quarterly profit, weighed down by  restructuring and higher costs for commodities like cheese and  coffee.
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Costco Wholesale Corp. , the  largest U.S. warehouse club operator, on Wednesday posted  lower-than-expected quarterly profit, hurt by higher taxes and  soaring oil prices that pressured margins at its gas stations.