Costco beats quarterly sales estimates on resilient demand for essentials
COST•Costco reported fourth-quarter revenue of $95.72 billion, above estimates of $94.86 billion, as resilient demand for essential goods drove shoppers to its warehouses.
1. Revenue tops estimates
Costco beat quarterly revenue estimates, posting $95.72 billion for its fourth quarter compared with estimates of $94.86 billion. The company attributed warehouse foot traffic to resilient demand for essential goods from shoppers feeling squeezed by high inflation.
