Costco plans new stores in California, including first standalone gas station, expanding amid strong earnings.

Costco is expanding its presence in California with two new stores: a new location in North Visalia opening May 21 and a replacement store in Fresno. Additionally, the company will open its first standalone gas station in Mission Viejo later this year and is considering another store in Menifee, Riverside County. This expansion follows strong Q2 earnings and a broader plan to open 30 or more warehouses annually over the next 5 to 10 years, with half in the U.S. California currently has the most Costco locations at 135. CEO Ron Vachris also confirmed the iconic $1.50 hot dog price will remain unchanged while he is in charge.