Costco beats quarterly sales estimates on bulk buying surge

Reuters

03/07

March 6 (Reuters) - Costco Wholesale COST.O beat Wall Street expectations for second-quarter revenue on Thursday, as its members shopped more goods, including groceries, home furnishings and electronics, in bulk from its retail outlets amid rising living costs.

The company's quarterly revenue rose 9% to $63.72 billion, compared with analysts' average expectations of $63.13 billion according to data compiled by LSEG.

(Reporting by Neil J Kanatt in Bengaluru; Editing by Krishna Chandra Eluri)

((Neil.JKanatt@thomsonreuters.com;))

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