ISSAQUAH, Wash. — Costco Wholesale Corp. here said gasoline sales squeezed the company's margins in the first quarter, but gross-margin gains on core items, including food, helped the chain meet analysts' estimates for profitability. In a conference call with analysts last week discussing the results, the company said gross margins in its key product areas — food and sundries; hard lines; soft lines; and fresh foods — were up 41 basis points in the 12-week period, which ended Nov. 25, ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.