Costco notes 11% jump in Q2

ISSAQUAH, Wash. Costco got an 11% boost in sales for the second quarter of fiscal year 2010, compared with second quarter 2009, according to financial results announced Wednesday by the membership-based mass merchandising chain.

The company had $18.36 billion in sales, compared with $16.49 billion in second quarter 2009. Sales for the first half of fiscal year 2010 were $35.28 billion, an 8% increase over $32.52 in the second half of fiscal year 2009.

Profits for the quarter were $299 million, compared with $239 million in second quarter 2009, while year-to-date profits for the first half of the fiscal year were $565 million, compared with $502 million during the same period last year.

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