Costco Says It’s Weathering Shipping Snarls, Mitigating Delays
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Costco Wholesale Corp.’s finance chief said he’s pleased with the company’s ability to keep its shelves stocked despite shipping snarls that are delaying the delivery of some products.
The retailer’s relatively narrow product selection gives it an advantage in keeping items in stock compared with companies that sell a wider variety of goods, Chief Financial Officer Richard Galanti said Thursday in a call with analysts after the company reported earnings. That has helped Costco manage supply-chain disruptions, he said. Even so, about 79% of its import containers have been delayed by an average of 51 days.