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COSTCO

News and information on merchandising and trends in retail pharmacies at Costco.

Costco’s Q1 sales rise amid pandemic

Costco’s net income fell to $838 million, but net sales increased by 7.3% to $36.45 billion in the quarter ended May 10.

Costco’s net sales climb during May

Costco reported that its net sales in May rose 7.5% to $12.6 billion, and total same-store sales increased 5.4%.

Costco customers who use 200 locations in seven states and Washington, D.C. now can have their prescriptions delivered by Instacart along with other items from the club retailer.

Costco reported stronger earnings and sales than analysts had expected as shoppers stock up on goods in light of the coronavirus outbreak.

Orgain’s Simple Organic Plant Based Protein Powder in chocolate peanut butter cup contains such ingredients as almonds, peanuts, chia seeds, pumpkin seeds and golden peas.

Costco and Instacart are said to be piloting fast delivery of prescription drugs on the West Coast, according to a report from CNBC.

Costco exterior

Costco Wholesale reported sales that missed the Street amid fierce competition to attract shoppers in the grocery space, but its earnings topped expectations. 

Costco is opening a store on August 27 in Shanghai’s Minhang neighborhood district.

Liquid I.V. announced that it has launched its new passion fruit flavor at Costco warehouses across the nation.

The membership club operator appears to have found a balance between its compelling in-store offerings and the convenience of delivery, which it offers in partnership with Instacart and other third-party delivery firms.

Costco’s earnings rose to $889 million, and it raised the minimum starting wage for store workers in the United States and Canada from $14.50 to $15.50 an hour.

ISSAQUAH, Wash. —  Costco declared a special cash dividend on Costco common stock of $7 per share, payable May 26, to shareholders of record at the close of business on May 10. The aggregate payment will be approximately $3.1 billion.

The nation’s leading warehouse club operator continues to push into new markets with a determined expansion program both in the United States and internationally. In the process, Costco Wholesale also is extending its reach into the market for pharmacy and preventive health services, surging past the 500 mark in total pharmacies operating in the United States and expanding its menu of health screenings, immunizations and clinical-care offerings.

Fortune magazine's "World's Most Admired Companies" list includes pharmacy chains and mass retailers among its ranks.

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