Economic Cooperation and Trade Events - A Linyi-Turkey economic and trade matchmaking conference was held in Istanbul, facilitating direct interactions between about 60 Turkish professional buyers and Linyi enterprises, with a total import and export volume of 1.75 billion yuan ($242.38 million) in 2024 [1] - A Linyi-Uzbekistan economic and trade fair took place in Tashkent, showcasing products from 50 outstanding companies from Linyi, emphasizing the city's deepening cooperation with Central Asian countries under the Belt and Road Initiative (BRI) [2] - The establishment of a liaison office of the Linyi Wholesale Merchant Federation in Uzbekistan marks a new stage of institutionalized cooperation between Linyi and Uzbekistan [3] Industry Exhibitions - The Asia-Europe Toys & Baby Industry Expo and the Foreign Trade Factory Exhibition opened in Khorgos, featuring over 500 companies showcasing the latest trends in toys, baby products, and educational products, providing a platform for commercial matchmaking [4] - The 2nd China (Linyi) - Kazakhstan International Commodity Exhibition was held in Almaty, covering an area of 2,000 square meters with 112 premium product enterprises from Linyi displaying high-quality products [5] - The consul general of China in Almaty highlighted the importance of the exhibition for strengthening cooperation between China and Kazakhstan, noting Linyi's role as a logistics capital and a city of commodities [6] Linyi's Market Position - Linyi is recognized as the logistics capital of China, housing 131 specialized wholesale markets, making it the largest market cluster in the country [7] - In 2024, over 2,000 companies from Linyi engaged in economic and trade exchanges in regions such as the Middle East, Central Asia, and Southeast Asia, with total exports to BRI markets reaching 115 billion yuan [7]

Core Insights - Costco reported an earnings miss but exceeded revenue expectations for the second quarter [1][3] Revenue Performance - Second-quarter revenue increased by 9% to $63.72 billion, up from $58.44 billion in the same quarter of fiscal 2024 [1] - Net sales for the quarter rose by 9.1% to $62.53 billion, compared to $57.33 billion in the year-ago period [1] Net Income and Earnings Per Share - Net income for the second quarter was $1.79 billion, or $4.02 per share, compared to $1.74 billion, or $3.92 per share, during the second quarter of fiscal 2024 [2] - Earnings per share were $4.02, which was below the expected $4.11 [3] Comparable Sales - Quarterly comparable sales increased by 6.8% year over year, with an 8.3% increase in the U.S. [2] - E-commerce comparable sales rose by 20.9% year over year [2]