Costco delivered an outstanding first quarter with total sales up 16.7%. We look at what’s behind this performance and some of the challenges it’s experiencing. Costco Q1 key numbers Total revenue up 16.6% to $50.3 bn Net sales up 16.7% to $49.4 bn Comparable sales (ex-fuel and currency impacts) up 9.8% Comparable sales up 9.9% in the US, 8.3% in Canada and 10.9% in other intern...

Following the first store opening in Shanghai in 2019, the retailer has opened its second store in China this month. 70,000 pre-registered Costco members before the opening day The new store is in Suzhou, a city in Jiangsu province, about 100 km (62 miles) west of Shanghai. It is famous for its beautiful gardens and traditional architecture. Before the store opening on 7 December, the ...

Despite cycling strong performance in FY21, Metcash has reported half year results for FY22 with revenue up 1.5% to AU$8.2bn and EBIT up 13.9% to AU$231m. We pull out five key learnings and assess the outlook for H2: 1. Underlying food sales remain very healthy Food sales decline 4.9% to AU$4,561m. The decline in sales is mainly due to the cycling of the termination of its supply agreement ...