Latest / Toronto News Today | 2 Min News | The Daily News Now!
Costco Canada Growth Slows but Strength Persists | Toronto News
Costco Canada’s sales growth slowed in June, rising just 3.7% in comparable sales — a drop from earlier-year momentum — but adjusted for currency and gas, the figure climbs to 4.9%, still solid. The company continues aggressively expanding into growing suburbs and high-demand areas, signaling confidence in the market. While June’s numbers are softer, the first 44 weeks of the fiscal year show strong overall growth: 8.5% in comparable sales and 7.2% adjusted. Currency headwinds and rising gas prices distorted the report, but Costco’s value-driven model, Kirkland brand, and expansion strategy…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.