- Costco benefited from pandemic effects in its second-quarter revenue, which beat estimates.
- Shoppers have tended to purchase from one store to limit exposure to the virus.
- Members spent more on frozen foods, liquor, and electronics.
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(Reuters) – Membership-only retail chain Costco Wholesale Corp beat analysts’ estimates for second-quarter revenue on Thursday, as people stuck at home spent more on frozen foods, liquor and electronic products.
Big-box retailers that offer one-stop shops for a range of products from food to apparel to electronics have benefited as people are making a bulk of