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Costco beats quarterly sales estimates

Dec 12, 2024 1:45 PM

Dec 12 (Reuters) - Costco Wholesale ( COST ) slightly

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.

The company's quarterly revenue rose to $62.15 billion, from

$57.80 billion a year earlier. Analysts on average were

expecting $62.08 billion, according to data compiled by LSEG.

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