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Costco Wholesale late Thursday reported better-than-expected profits for its latest quarter, even as sales barely rose above Wall Street’s expectations, as shoppers flocked to its warehouses to shop for pizzas and pies and to score Black Friday bargains.
Costco
COST said its fiscal first-quarter sales rose 8% to $65.98 billion, from $60.99 billion in the year-ago quarter. Including membership fees, Costco reported revenue of $67.3 billion, just above Wall Street’s expectations of $67.14 billion.
