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Costco Wholesale Corp.

Costco beats Q2 earnings and revenue estimates

Costco beats Q2 earnings and revenue estimates

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

Costco names Ron Vachris president, COO

Costco names Ron Vachris president, COO

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

Costco inks 90-day scripts pact with Rite Aid’s EnvisionRx

Costco inks 90-day scripts pact with Rite Aid’s EnvisionRx

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

Costco settles with DOJ over improper pharmacy controls

Costco settles with DOJ over improper pharmacy controls

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