We review Costco’s fourth quarter performance and the drivers behind its strong performance. Costco: the key numbers Costco’s fourth quarter total revenue increased by 7.0% to $47.5 bn Over the period, comparable store sales, excluding currency and fuel impacts, increased by 5.1% Net income increased 5.2% in the quarter to $1.1 bn For the full year, total revenue increased by 7....

We review Sobeys’ first quarter performance as it enters the final year of its three-year turnaround plan and consider what’s next for Canada’s second largest food retailer. Additional cost savings expected beyond initial $500m target Sobeys delivered a solid Q1. Sales increased 4.4% to $6.7bn, with same-store sales, excluding fuel, up 2.4%. Adjusted net earnings increased 33.6% to $133.9m....

Couche-Tard delivered a solid first quarter while facing tough comparables from last year. We look at some of the innovation programmes underway within the business. Headline numbers Total merchandise and service revenues up 1.6% to $3.6bn Same-store merchandise revenues up 2.5% in the US, 0.7% in Europe and 0.3% in Canada Net earnings up 18.3% to $538.8m Circle K global rebrand...