Costco is fighting a class-action lawsuit filed by two California customers who claim the company misled shoppers by marketing its Kirkland Signature Seasoned Rotisserie Chicken as having "no preservatives" despite containing carrageenan and sodium phosphate. Costco argues these ingredients are not preservatives under FDA rules but part of the seasoning, and the lawsuit’s claims are based on a misunderstanding. The company also disputes that the labeling caused any financial harm or allowed it to charge a premium price. The court will decide whether the case proceeds or is dismissed.
Costco's business thrives on its membership fees, which create a reliable, recurring revenue stream that supports steady earnings growth. With over 82 million members and a high renewal rate near 90%, Costco leverages bulk buying and its Kirkland Sig...
Costco has reduced prices on several popular Kirkland Signature products, including crispy wings, chocolate almonds, golf balls, and king-size sheets, with discounts ranging from $1 to $10. This move aims to provide better value to members and remain...
