ISSAQUAH, Wash. — Costco Wholesale Corp. chief executive officer Craig Jelinek intends to step down from that role, effective January 1, 2024. The Board of Directors has elected Ron Vachris, who has served as president and chief operating officer since February 2022, to succeed Jelinek as CEO, while continuing to serve as president. The company
ISSAQUAH, Wash. — Costco Wholesale Corp. reported net sales of $21.61 billion for the retail month of March, an increase of 18.7% over the $18.21 billion posted in the corresponding period last year. Comparable sales for the period (the five weeks ended April 3) increased 19.1% for the company’s U.S. operations, or 12.7% when adjusted
ISSAQUAH, Wash. — Costco Wholesale Corp. reported net sales of $50.94 billion for the second quarter ended February 13. Net sales for the 24-week year-to-date period increased 16.4%, to $100.35 billion, up from $86.23 billion last year. Comparable club sales increased 11.3% in the United States (excluding the impacts from changes in gasoline prices and
ISSAQUAH, Wash. — Costco Wholesale Corp. has named Ron Vachris president and chief operating officer. Vachris previously served as executive vice president and chief operating officer, merchandising, a position he was named to in June 2016. Vachris succeeds Craig Jelinek in role of president, while Jelinek remains chief executive officer and a member of the company’s
ISSAQUAH, Wash. — Costco Wholesale Corp. reported strong sales gains in the first quarter of fiscal 2022, which ended on November 21. Net sales for the first quarter increased 16.7%, to $49.42 billion, up from$42.35 billion in the same quarter last year. Comparable sales in the United States increased 14.9% (9.9% when the effects of
ISSAQUAH, Wash. — Costco Wholesale Corp. on Thursday reported strong sales and earnings that topped analyst expectations. Net sales for the 12-week quarter ended May 9 increased 21.7%, to $44.38 billion, from $36.45 billion last year. Net sales for the first 36 weeks grew 17.7%, to $130.61 billion, from $110.94 billion last year. Comparable store
ISSAQUAH, Wash. — Costco Wholesale Corp. posted net sales of $43.89 billion, a gain of 14.7%, for the second quarter ended February 14. Comparable store sales for the 12-week period increased 12.6% (excluding impacts from changes in gasoline prices and foreign exchange rates) in the United States, and 12.9% for the company as a whole.
ISSAQUAH, Wash. — This week Costco Wholesale Corp. reported net sales of $13.64 billion for the retail month of January, up 17.9% from the $11.57 billion recorded in January of 2020. The company’s e-commerce sales in January rose 107%. For the twenty-two weeks ended January 31, 2021, the company reported net sales of $79.11 billion,
ISSAQUAH, Wash. — Costco Wholesale Corp. is testing prescription drug delivery via Instacart in California and Washington. Costco pharmacy customers and Instacart members over the age of 18 can get medicines delivered within an hour, with fees waived on orders of $35 or more. Fees on orders that don’t reach the cart minimum depend on
ISSAQUAH, Wash. — Costco Wholesale Corp. on Thursday announced third quarter sales and earnings that beat analyst expectations. Net sales for the quarter ended May 7 increased 8% to $28.22 billion, up from $26.15 billion in the same period last year. Net sales for the first 36 weeks increased 6%, to $84.82 billion from $80.34 billion
TWINSBURG, Ohio, and ISSAQUAH, Wash. — Costco Wholesale Corp. plans to offer a 90-day maintenance medication program through its pharmacies under an agreement with EnvisionRx, a pharmacy benefit management subsidiary of Rite Aid Corp. The companies said Thursday that Costco will participate in EnvisionRx’s Rx90 prescription drug program. Rx90 enables patients to fill 90-day prescriptions
WASHINGTON — Costco Wholesale Corp. has agreed to pay $11.75 million in a settlement with the Department of Justice (DOJ) on claims that it improperly filled prescriptions for controlled substances. Also under the settlement, over the next three years the Drug Enforcement Administration (DEA) can conduct unannounced and unrestricted inspections of all DEA-registered Costco pharmacy
