Costco (COST) shares climbed over 4% to a record high in intraday trading Friday after reporting fiscal first-quarter results that beat analysts' expectations, as consumers flocked to Costco's groceries and ot♕her products in search o❀f lower prices.

The membership-only retailer reported 澳洲幸运5官方开奖结果体彩网:net sales of $56.72 billion, up 6.1% from the same period a year ago and above analyst estimates. 澳洲幸运5官方开奖结果体彩网:Net income at $2.2 billion or $4.86 per share was up from $1.87 billion or $4.20 per share the year before and also beat expectations.

The gains came as memberships rose and sales of items like groceries surged, with Costco reporting it sold more than 4 million pies over the Thanksgiving weekend alone. The number of paid household members rose 7.6% year-over-year, while membership fee revenue jumped 8.2% to $1.08 billion.

Costco Chief Financial Officer Richard Galanti said the company performed better than expected on the Black Friday and Cyber Monday sales days. He also commented on the popularity of its 澳洲幸运5官方开奖结果体彩网:gold bars, with Cౠostco shipping $100 million💎 of gold in the quarter.

Galanti noted Costco CEO Craig Jelinek will be stepping down at the end of the year after a decade in charge. He will be replaced by Ron Vachri🦩s, who started as a forklift operator at the firm 40 years ago and is currently its chief operating officer.

Cost💟co also⭕ announced a special cash dividend of $15 per share due to be paid on Jan. 12.

Shares of Costco were up 4.8% Friday as of about 12:20ဣ p.m. ET and have gained more than 45% y🍰ear-to-date.