Food Sales Rise Sharply in Costco's Q4

Costco said last week food was one of the bright spots during its fiscal fourth quarter, which ended Aug. 31, as comparable-store sales in most nonfood categories were flat or declined in the period. In a conference call discussing the results, Richard Galanti, executive vice president and chief financial officer, said comps for food and sundries ranged from the high single digits

ISSAQUAH, Wash. — Costco said last week food was one of the bright spots during its fiscal fourth quarter, which ended Aug. 31, as comparable-store sales in most nonfood categories were flat or declined in the period.

In a conference call discussing the results, Richard Galanti, executive vice president and chief financial officer, said comps for food and sundries ranged from the high single digits to the mid-teens — despite a drop of 11% in tobacco sales, which are part of the

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