retail news in context, analysis with attitude

• Costco reports that its first quarter profit was $266 million, up from $263 million during the same period a year earlier. Q1 total revenue increased 7.9 percent to $17.3 billion from $16.4 billion, while Q1 sales, excluding fuel and membership fees, were up 5.5% to $16.92 billion. Same-store sales were up three percent in the quarter.
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