Fresh Food Boosts Costco's Q1

Food, particularly fresh food, is clearly driving the business at Costco Wholesale Corp., Richard Galanti, the chain's executive vice president and chief financial officer, said last week during a conference call to discuss financial results for the company's fiscal first quarter. Food and sundries, which account for half of Costco's business, saw comparable-store sales rise in

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 last week during a conference call to discuss financial results for the company's fiscal 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,

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