North West Sales Rise 21.1% in Q4

The North West Co. said last week the acquisition of Cost-U-Less in mid-December, combined with strong sales growth in northern Canada, helped boost sales for the fourth quarter. Sales jumped 21.1% to $313.4 million (U.S.), including a 19.4% increase in overall food sales, while earnings for the quarter, which ended Jan. 31, rose 15.7% to $18.6 million. For the year, sales

WINNIPEG, Manitoba — The North West Co. here said last week the acquisition of Cost-U-Less in mid-December, combined with strong sales growth in northern Canada, helped boost sales for the fourth quarter.

Sales jumped 21.1% to $313.4 million (U.S.), including a 19.4% increase in overall food sales, while earnings for the quarter, which ended Jan. 31, rose 15.7% to $18.6 million. For the year, sales rose 12.7% to $1.05 billion, with food sales up 11.9%, and net earnings up 27.4%

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