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COSTCO

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

Costco hits annual profit milestone, sales up in Q4

Costco Wholesale ended its fiscal year on a strong note as consumers continued to shop its stores to stock up on items amid the pandemic.

Liquid I.V. rolls out Energy Multiplier line

Liquid I.V.’s Energy Multiplier, launching exclusively at Costco, features a blend of matcha, guayusa and ginger.

Costco reported that its sales in July rose 14.1% to $13.04 billion, from $11.43 billion in the year-ago period.

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

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 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.

WHAT IT MEANS AND WHY IT'S IMPORTANT — One of the most common reasons that retailers give for pet-medication programs is that pets are part of the family.

As analyst Debbie Wang of investment firm Morningstar told Drug Store News in April 2012, more empty nesters and young couples putting off having children are driving increases in pet ownership, and with that comes a need for pet healthcare.

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