Costco Wholesale beat Wall Street estimates for fiscal first-quarter revenue while mitigating supply-chain issues and price increases. The company cautioned, however, on toy shortages for Christmas.
Total revenue, including membership fees and net sales, was $50.36 billion and earnings were $2.97 a share. Analysts were looking for revenue of $50.15 billion and profits of $2.67 a share. A year earlier, Costco reported revenue of $43.2 billion.
“Overall,…