Costco Beats Earnings Estimates

This is a U.S. news story, published by CNBC, that relates primarily to Costco news.

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first Costco

CNBC

•

Business

Business & Economics

Costco beats on earnings as e-commerce sales jump

Summary

Nutrition label

79% Informative

E-commerce sales rose 13% in the quarter compared with the year-ago period.

Costco has benefited from its reputation for selling bulk items at better value, as U.S. households feel the cumulative effect of higher food and housing prices.

The warehouse club also hiked its annual membership fee for the first time in about seven years .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech