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News  ›  Benzinga

Costco Smashes Holiday Pie Sales, Black Friday Records

Benzinga Logo Benzinga By Erica Kollmann
Costco Smashes Holiday Pie Sales, Black Friday Records

Costco reported record-breaking holiday sales, selling 4.5 million pies before Thanksgiving and generating over $250 million in Black Friday online orders. The company exceeded Q1 revenue and earnings estimates with strong comparable sales growth.

Insights
COST   positive

Strong Q1 financial performance, record-breaking holiday sales across multiple product categories, exceeded analyst expectations for revenue and earnings, and received an outperform rating from Bernstein analyst