Costco Beats Estimates on Pandemic Boost

Costco Beats Estimates on Pandemic Boost
Cars fill the parking lot of an open Costco near the King of Prussia Mall in Upper Merion Township, Penn., on May 21, 2020. Lucas Jackson/Reuters
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Costco Wholesale Corp beat estimates for quarterly profit and revenue on Thursday, as consumers staying at home due to the COVID-19 pandemic bought more fresh produce, appliances, and gardening and sporting goods.

Walmart Inc, Target Corp, and other U.S. retailers have seen a surge in demand for video games and home decor as some Americans use their stimulus checks to buy items considered non-essential.