Costco‘s latest quarterly earnings report, released late Thursday, showed a jump in sales from a year earlier as the company describes consumers looking to stretch their dollars as far as they can.
This comes as the heightened cost of living in Canada forces many households to cut back on some non-essential items and experiences, with a report released earlier this week showing even higher-income Canadians are dining out less than a year ago.
In the three months leading up to the end of August, Costco says net sales increased 11.2 percent to US$93.9 billion from $84.4 billion last year.
Meanwhile, membership fees totalled $1.85 billion, up…
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