Costco continues growth and profitability trajectory in Q4 2022

Featured image of the article Costco continues growth and profitability trajectory in Q4 2022
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27 September 2022 à 17h13

Updated on 21 October 2022 à 21h44

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1 minute

Publication: 27 September 2022 à 17h13, Updated on 21 October 2022 à 21h44

Reading time: 1 minute

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Publication

27 September 2022 à 17h13

Updated on 21 October 2022 à 21h44

Reading time

1 minute

Publication: 27 September 2022 à 17h13, Updated on 21 October 2022 à 21h44

Reading time: 1 minute

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Costco, the world’s 2nd largest retailer by revenue, saw sales increase by 15% in the quarter ended 28 August 2022, to US$72.09 billion. The wholesale chain is slowing down slightly: in 2021, sales grew by 18%.

The business is benefiting from an inflationary trend. In August 2022, inflation reached 8.3% in the U.S.A. and the food index rose by 11.4% over the year. This is the highest 12-month inflation since 1979. As in Europe, discounters and wholesalers are becoming the

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