Costco Wholesale whizzed past analysts' estimates for quarterly profit.
The warehouse club operator's margins were lifted by a drop in gas prices and a shift to lower-cost sourcing.
Costco said it will raise its starting wages to $15 and $15.50 per hour, from $14 and $14.50 per hour in the United States and Canada amid a tight labor market.
Submitted March 08, 2019 at 07:39AM by coolcomfort123 https://ift.tt/2XLTHmX
