ISSAQUAH, Wash. — Food, particularly fresh food, is clearly driving the business at Costco Wholesale Corp. here, Richard Galanti, the chain’s executive vice president and chief financial officer, said yesterday during a conference call to discuss financial results for the first quarter.
Food and sundries, which account for half of Costco’s business, saw comparable-store sales rise in the high single digits during the quarter, which ended Nov. 23, Galanti said, with dry groceries showing ...
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