Sharp Food Prices Drive Costco’s Q1 Sales

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 yesterday during a conference call to discuss financial results for the first quarter.

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.

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