Costco sales soar as inflation continues to weigh on consumers

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Costco Wholesale Corp. posted higher sales in the most recent quarter, the latest indication that the department store retailer remains a haven for consumers battling ongoing inflation.

Sales of the Issaquah, Wash. incumbent company rose 15% to $72.09 billion in the fourth quarter. The average analyst estimate polled by FactSet was $72.04 billion.

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