Costco CFO says company has been 'fortunate' to avoid theft

Costco CFO Richard Galanti said Thursday the company has been "fortunate" regarding theft.
Galanti at one point said during Thursday afternoon's earnings call that Costco’s shrink "is intact," saying the company hasn't "seen any major changes in shrinkage."
He noted it was a question the company had received a "couple times of late because of some of the companies out there…

This story appeared on, 2023-05-26.
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