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Costco beats quarterly sales estimates on resilient demand for essentials
Costco said higher foot traffic and larger basket sizes helped lift quarterly sales as shoppers stretched budgets with bulk essentials and discounted fuel.
4 Articles
4 Articles
Costco beats quarterly sales estimates on resilient demand for essentials
Sept 24 (Reuters) - Costco Wholesale beat quarterly revenue estimates on Thursday, as resilient demand for essential goods from shoppers feeling squeezed by high inflation drove foot traffic to its warehouses. The company posted revenue of $95.72 bil...
Costco tops estimates as discount gas, bulk deals draw inflation-weary shoppers
Costco Wholesale beat quarterly estimates on Thursday, recording strong comparable sales growth as inflationary pressures drove consumers to its discount gas stations and boosted demand across its warehouses.
·Spokane, United States
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Total News Sources4
Leaning Left1Leaning Right0Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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