Costco profits surge past Aldi in Australia as shoppers seek bulk savings

theage.com.au [$]

Costco has surpassed Aldi in Australian profits, driven by shoppers seeking value for bulk household essentials. The membership-based warehouse chain reported nearly $500 million in after-tax profits, outperforming Aldi's $403.7 million despite Aldi's larger store network. Costco's success is attributed to its unique bulk-buy model and carefully selected locations, attracting customers willing to travel for discounted branded goods.


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Costco profits surge past Aldi in Australia as shoppers seek bulk savings | News Minimalist