Costco puts most of $184 million tariff refund toward lower prices
Costco received $184 million in tariff refunds during its fourth quarter and used most of the money to reduce prices on selected products, company executives said.
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Recent Verilumia coverage about Ron Vachris, President, CEO & Director at Costco Wholesale Corporation.
Costco received $184 million in tariff refunds during its fourth quarter and used most of the money to reduce prices on selected products, company executives said.
Costco Wholesale reported fiscal fourth-quarter revenue of $95.72 billion, up 11% from a year earlier and above analyst expectations, while earnings per share also exceeded estimates.