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Costco beats revenue estimates as shoppers return to stores -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: FILE PHOTO: Clients queue to enter a Costco Wholesale retailer in Chingford, Britain March 15, 2020. REUTERS/John Sibley/File Photograph GLOBAL BUSINESS WEEK AHEAD/File Photograph

(Reuters) – Membership-only retail chain Costco Wholesale Corp (NASDAQ:) beat Wall Avenue estimates for quarterly income on Thursday, as customers returning to its shops purchased extra recent meals, snacks, jewellery and residential furnishings.

Whole income rose to $50.36 billion within the first quarter ended Nov. 21, from $43.21 billion a 12 months earlier. Analysts on common had anticipated income of $49.60 billion, in response to IBES information from Refinitiv.

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