Costco sees Q3 CapEx $574M, sees FY14 total CapEx $2.3B Says February SSS were up 2%, with U.S. SSS up 3% and international SSS down 1%. Says weather only had a 1% impact on the company in Q2. Expect to open an additional 14 locations before the FY end. Expects to open 3 warehouses in Q3, 11 in Q4. Says new memberships were up 13% YoY. Says inventories are in good shape. Comments made during the company's Q2 earnings conference call.
News For COST From The Last 14 Days
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Costco selling Apple products again, says Jefferies Jefferies says that starting in late June, Costco (COST) began selling Apple (AAPL) products in stores and online again, after not carrying the brand since 2010. The firm thinks the move will help Costco's weaker performing Consumer Electronics category. Jefferies expects Costco to report a June comp store sales increase of 5%-6% and keeps a Hold rating on the stock.