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Costco CFO: Fresh food has been a key to sales success

Costco has been thriving in the pandemic and Chief Financial Officer Richard Galanti attributes the wholesaler's robust performance to five key factors, including its belief that e-commerce won't wholly define the future. Galanti also cited fresh food sales' importance to Costco's 2020 success, along with its membership program and large stores that help shoppers with social distancing and allow them to buy more on each trip.

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