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“Costco’s fourth quarter performance exceeded market expectations due to increased food sales and membership subscriptions.”
Costco’s fiscal fourth quarter (June 3-September 3, 2023) performance exceeded market expectations due to solid food sales and increased membership sales. In particular, as food prices rose sharply due to inflation, Costco membership, which has the advantage of low prices through warehouse-type retail sales, increased by 14% compared to the previous year. However, the performance trend of Costco’s U.S. stores, its largest market, appears to have slowed slightly compared to its global performance
