US EditionWhat's Going On With Costco Wholesale Stock Today? - Costco Wholesale (NASDAQ:COST)
Costco's holiday-quarter sales rose 6.7% and net income increased nearly 14%, CEO Ron Vachris said refunds from struck-down tariffs would fund price cuts.
- On Thursday, Costco Wholesale said it would cut prices if it receives refunds after the U.S. Supreme Court struck down emergency tariffs, with CEO Ron Vachris pledging 'We always want to be the first to lower prices and the last to raise them'.
- The Supreme Court's ruling last month invalidated the 1977 International Emergency Economic Powers Act, prompting Costco and hundreds of firms to sue for refunds after a late November filing, while replacement tariffs remain for at least 150 days.
- To counter tariff pressure, management is limiting SKUs, sourcing more domestically, and has already lowered prices on textiles, bedding, cookware, eggs, cheese, and coffee, Vachris said.
- A federal trade court judge on Wednesday ordered liquidation and reliquidation of import entries, but U.S. Customs and Border Protection told the court Friday it cannot comply with a refund order, and executives warned the process is complex and uncertain.
- Analysts noted that Costco is passing savings to customers, with fiscal second quarter ended Feb. 15 showing $2.04 billion net income and 28 net new openings in fiscal 2026.
12 Articles
12 Articles
Costco Pledges to Pass Tariff Refunds to Members Through Lower Prices
Costco will pass any tariff refunds it might receive back to members through lower prices, CEO Ron Vachris said, although the timeline and even the likelihood of repayments remain uncertain. Vachris made the pledge during Costco’s quarterly earnings call on March 5, as importers across industries pursue tens of billions of dollars in refunds after the U.S. Supreme Court ruled that President Donald Trump exceeded his authority when he used an eme…
What's Going On With Costco Wholesale Stock Today? - Costco Wholesale (NASDAQ:COST)
Shares of Costco Wholesale Corporation (NASDAQ:COST) traded lower before Friday’s opening bell after posting another quarterly beat in the second quarter. During the quarterly conference call, a Costco executive said the retailer has started cutting prices on some products, including textiles and cookware, as tariff pressure eases. The company also said it would return any IEEPA tariff refund benefit to members through lower prices whenever thos…
TVA Nouvelles
Le Journal de QuebecCostco could redistribute some of the money collected through U.S. customs tariffs to its members, if Washington ends up paying back.
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
