
Costco Posts Stronger Sales as Fuel Savings Drive Membership Traffic
Higher petrol prices lifted quarterly comparable store sales by nearly 270 basis points as warehouse members saved 3.2 billion dollars on fuel.
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Higher petrol prices lifted quarterly comparable store sales by nearly 270 basis points as warehouse members saved 3.2 billion dollars on fuel.

Domestic pump prices jumped on September 24 as refined fuel import benchmarks climbed, lifting RON95 gasoline to $1.04 per liter.

The Guangdong-based chain founded in 1997 is testing fuel-integrated retail following its April entry into Vietnam.

Cambodia’s Ministry of Commerce oversaw the agreement between the domestic distributor and the testing firm to tighten retail fuel standards.

A firmer New Taiwan dollar neutralized rising crude import costs after benchmark prices climbed above US$93 per barrel.

Group EBITDA surged 154 per cent to $774.4 million following higher retail fuel margins and the integration of Liberty Convenience.

Underlying net profit after tax on a replacement-cost basis reached $857.2 million for the six months ended June 30.
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