Costco Wholesale reported a 10.6% year-over-year revenue increase for the first half of the year, though June comparable store sales were softer than expected. E-commerce sales grew 20.9% year-over-year, and membership renewals remain strong at 92.2% in the US and Canada, with executive memberships accounting for 75% of sales penetration. Despite a premium valuation and sideways stock price movement, earnings per share are projected to grow steadily, reaching nearly $21 by fiscal 2026 and potentially $25 by fiscal 2028. Risks include consumer spending trends, competition, and broader economic challenges.
Costco faces a class-action lawsuit alleging its Orgain Organic Plant-Based Protein Powder contains harmful levels of arsenic, cadmium, and lead, which were not disclosed to consumers. The lawsuit claims Costco misled buyers by marketing the product ...
Costco has enhanced its digital wallet feature, allowing members to link any Visa card to the Costco app and use their phones for faster checkout at warehouses. This update eliminates the need to carry physical cards and speeds up the payment process...
Costco Wholesale Corporation reported net sales of $29.24 billion for June 2026, up 10.6% from last year, driven by strong growth across the U.S., Canada, and international markets. For the first 44 weeks, net sales rose 10.1% to $250.43 billion. The...
