(Reuters) – Membership-only retail chain Costco Wholesale Corp beat market estimates for first-quarter revenue on Thursday as pandemic-wary consumers staying at home bought more frozen foods, liquor and home-furnishing products.
Total revenue rose to $43.21 billion in the quarter ended Nov. 22 from $37.04 billion a year earlier, versus a Refinitiv IBES estimate of $42.42 billion.
(Reporting by Praveen Paramasivam in Bengaluru; Editing by Devika Syamnath)
