ISSAQUAH, Wash. — Costco Wholesale Corp. said chief financial officer Richard Galanti intends to step down from that role, effective March 15. Gary Millerchip, who has served as senior vice president and CFO at Kroger Co., will succeed Galanti as Costco CFO. Galanti will remain with Costco through January 2025, serving in an advisory role,
ISSAQUAH, Wash. — Craig Jelinek stepped down from his position as chief executive officer at Costco Wholesale Corp. on January 1 after leading the company for 12 years. Only the second CEO in the history of the company, which opened its first membership warehouse club in September 1983 and celebrated its 40th anniversary in 2023,
ISSAQUAH, Wash. — Costco Wholesale Corp. on Thursday reported first-quarter sales and earnings results that beat Wall Street estimates. The company posted net sales of $56.72 billion for the 12-week fiscal first quarter ended November 26, an increase of 6.1% from the $53.44 billion reported in last year’s first quarter. Comparable club sales rose 2.0%
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 financial results for its 17-week fourth quarter and 53-week fiscal year ended September 3 that featured continued growth but at a slower pace. Shoppers made more trips to its warehouse clubs but spent less per visit, with fewer purchases of big-ticket items, the company announced September 26. Net
CHICAGO — Amazon, Aldi, Costco Wholesale Corp. and Walmart are among the U.S. food retailers best positioned for success in 2053, according to a report from dunnhumby. “Grocery 2053: A Data-Driven Gaze into the Future” is the data science firm’s examination of trends that will have the biggest potential impact on grocery retailers over the
ISSAQUAH, Wash. — Costco Wholesale Corp. has tapped Claudine Adamo to serve as executive vice president and COO for merchandising. Adamo, who most recently served as senior vice president of nonfoods merchandising, succeeds Ron Vachris, who was recently promoted to president and chief operating officer. Craig Jelinek, who had previously held the title of president,
ISSAQUAH, Wash. — Costco Wholesale Corp. reported net sales of $16.18 billion for the five weeks ended July 5, an increase of 11.1% from the $14.57 billion recorded in the comparable period last year. For the 44-week year-to-date period, Costco reported net sales of $136.37 billion, up 8.1% versus the $126.13 billion during the similar
ISSAQUAH, Wash. — Costco Wholesale Corp. posted solid sales increases for the 16-week fourth quarter and the 52-week fiscal year, ended September 1. Net sales for the quarter were $46.45 billion, an increase of 7% from $43.41 billion during the similar period last year. Net sales for the fiscal year were $149.35 billion, an increase
ISSAQUAH, Wash. — Costco Wholesale Corp. said net sales increased 7.3% to $24.6 billion in the fiscal second quarter. Top growth categories included grocery, consumer electronics, apparel, hardware, and health and beauty aids. Comparable-store sales at its U.S. clubs rose 7.2%, excluding the impact of fuel price and currency changes, in the 12 weeks to
ISSAQUAH, Wash. — Costco Wholesale Corp. on Thursday reported that its net sales in the first quarter of fiscal 2019 were $34.31 billion, an increase of 10.3% over the same period last year. Comp sales for the company as a whole increased 8.8%, and rose 32.3% for the company’s e-commerce business. Comp sales for the 12
ISSAQUAH, Wash. — Costco Wholesale Corp. reported fourth quarter results that beat analysts’ expectations. Same-store sales for the 16-week quarter ended September 2 were up 10.8% in the United States and 9.5% for the company as a whole, compared to the same quarter last year. When the impacts of gasoline prices and foreign exchange rates