COSTCO WHOLESALE COR

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Costco beats quarterly revenue estimates

09/22/2022 | 04:30pm

(Reuters) - Costco Wholesale Corp beat Wall Street estimates for quarterly revenue on Thursday, helped by strong demand for its fresh food, candies and fuel offerings despite steeper prices and rising inflation.

The big-box retailer's total revenue rose to $72.10 billion in the fourth quarter, from $62.68 billion a year earlier, beating analysts' average estimate of $72.04 billion, according to IBES data from Refinitiv.

(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shailesh Kuber)

Reuters 2022
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