Costco posts upbeat first-quarter results on strong demand for cheaper groceries

Costco posts upbeat first-quarter results on strong demand for cheaper groceries

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Costco Wholesale COST-Q topped Wall Street estimates for quarterly sales and profit on Thursday, as more customers turned to its stores to shop for cheaper groceries and essentials, sending its shares up about 2 per cent after the bell. Costco has increased its sales and market share thanks to its…

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