Costco Tops Sales Estimates on Affordable Essentials
Costco topped sales estimates as U.S. comparable sales rose 6.8 percent. Total revenue hit 70.53 billion dollars and net income grew 15 percent to 2.19 billion.
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COSTCO WHOLESALE CORP reported total revenue rose 12% to $70.53 billion, beating estimates for the 12-week period ended May 10. United States comparable sales excluding gas rose 6.8%, exceeding the 6.13% growth projected by LSEG data. Elevated fuel and food costs have supported steady demand at membership warehouses.
