Costco beats quarterly sales estimates on steady holiday demand

Reuters - 12/12
Costco Wholesale marginally beat Wall Street expectations for first-quarter revenue on Thursday, as more Americans turned to the membership-only retail chain to shop for everything from food to home furnishings for the holiday season.
Dec 12 (Reuters) - Costco Wholesale (COST.O), opens new tab marginally beat Wall Street expectations for first-quarter revenue on Thursday, as more Americans turned to the membership-only retail chain to shop for everything from food to home furnishings for the holiday season.
Shares of the company were up 1.4% in extended trading.
The retailer, which sells products in larger packs and has bulk offers on items such as bread and eggs for as low as $3, has seen picky consumers turn to its stores to shop for their holiday needs, including home furnishings and jewelry.
The holiday s...
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