Pricecostco Reports Higher Sales, Income

PriceCostco Inc. reported net sales for the second quarter up 5 percent, to $4.23 billion from $4.02 billion during the same quarter last year.

Income totaled $64.8 million, or 31 cents per share, compared with $59.7 million, or 27 cents per share, for the same fiscal 1994 period.

Calculations reflected the reduction of 23.2 million outstanding PriceCostco shares beginning Dec. 20, 1994, following the spin-off of Price Enterprises, a real estate holding firm.

After including the loss from discontinued non-club real estate operations transferred in the spinoff, the company reported a net loss of $18.6 million, or 6 cents per share, in the second quarter of 1995, compared to net income of $62.3 million, or 28 cents per share, in the second quarter of fiscal 1994.