From 4.2 Million Thanksgiving Pies To Record Pizza Sales: Costco Hits 4 Major Milestones In Q1, Beating Earnings Estimates
Costco Wholesale Corporation‘s (NASDAQ:COST) first-quarter revenue and earnings per share beat analyst estimates. The management highlighted four new milestones achieved by the company during the said quarter.
What Happened: According to the president and CEO of the company Ron Vachris, “Costco Logistics completed nearly 1 million deliveries in Q1 and over 196,000 deliveries last week alone.” He said that Costco continued to gain market share within the e-commerce space, during the analyst earnings call held on Thursday.
Secondly, Costco’s U.S. bakery division, “Reached new records of 4.2 million pies being sold the three days prior to Thanksgiving,” said Vachris.
Talking about the pharmacy business Vachris added, “Our U.S. pharmacy business has prescription growth exceeding 19% for the first quarter, setting new volume records for that business.” And lastly, on Halloween Day, Costco, in its food courts, “set a new record of 274,000 whole pizzas being sold.”
“All of these …
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