Costco Wholesale Corp

Quantli Newsdesk

· 18 hours ago

Costco announced a partnership with SCAN Health Plan to offer Medicare Advantage plans in two states and a Medicare supplement plan in a third state, pending regulatory approval. This marks Costco's first comprehensive Medicare insurance partnership and targets the $600 billion Medicare market. Members will access the plans through Costco stores, agents, and websites, though federal rules prohibit member discounts.

Quantli Newsdesk

· 3 days ago

The retailer leverages its trust equity to enter the $600B Medicare market via co-branded plans with SCAN Group. Limited rollout targets 5 million enrollees across three states; management frames it as a membership retention play, not an immediate earnings driver.

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· a month ago

Seven consumers filed a federal class action lawsuit alleging Costco sold Orgain Organic Protein Powder containing toxic levels of lead, cadmium and arsenic while marketing it as 'clean nutrition' without disclosing the presence of heavy metals. Independent laboratory testing reportedly found lead levels in some samples exceeded California's Proposition 65 safe limits by 674%, with organic plant-based powders containing lead levels nine times higher than dairy-based alternatives on average.

Quantli Newsdesk

· 3 months ago

Costco reported record gasoline sales volumes in its fiscal Q3 2026, driven by customers seeking cheaper fuel amid prices exceeding $4 per gallon nationwide and $6 on the West Coast. While gas accounted for 10% of total sales, the low-margin product squeezed overall profit margins, even as it drove a 5% increase in warehouse foot traffic and helped same-store sales rise 9.8% year-over-year.

Quantli Newsdesk

· 3 months ago

Costco announced it will return a portion of tariff refunds to members after submitting claims under the IEEPA process. The retailer also reported record-breaking gas sales volumes as members responded to surging fuel prices caused by Middle East supply disruptions.

10-K

Quantli Newsdesk

· 4 months ago

Costco delivered 8% revenue growth to $269.9 billion, with net income rising 10% to $8.1 billion. Membership fee revenue increased 10%, driven by new sign-ups and a September 2024 fee increase, while comparable sales rose 6% supported by higher shopping frequency.