Costco Wholesale (COST-Q) Quote - Press Release (2024)

Motley Fool - Sat Aug 17, 8:30AM CDT


On Sept. 1, 2024, Costco will increase its membership dues. The price of a Gold Star membership will rise from $60 to $65. Likewise, an Executive membership will cost $130 instead of $120.

While the price change helps Costco offset increased overhead costs, it might make some Costco members hesitant to renew their memberships. Even so, Costco members can still find plenty of ways to pay for their annual membership. Here are three.

1. Become an Executive member

A sure-fire way to get your Costco annual membership for free is have Costco pay it in annual rewards.

That's the essence of becoming an Executive member. As such, you'll earn 2% cash back on Costco purchases. To earn the full value of your $130 Executive membership, you would need to spend $6,500 each year. That works out to about $542 monthly. Likewise, if you can spend $3,250 annually (about $271 monthly), you make up the difference between a Gold Star and Executive membership ($65).

2. Get a credit card for Costco purchases

Costco only takes Visa credit cards. If you use all kinds of credit cards, this can make it tricky to know which one is best for Costco purchases.

Fortunately, there are quite a few Visa credit cards that earn bonus rewards at Costco. The magic numbers here are 2% and 3% in cash back. If you're not currently earning 2% to 3% in cash back on your credit card, you're leaving money on the table (check out our full list of the best credit cards for Costco for more details).

If your credit card earns 2% at Costco, you would need to spend about $3,250 annually to earn the price of a Gold Star membership. If you have an Executive membership, you can double dip: You'll earn 2% back as an Executive member and 2% back on your credit card. With an effective earn rate of 4%, you would only need to spend $3,250 to earn the value of your membership in rewards.

3. Earn a Shop Card on a one-time purchase

A Shop Card is basically a gift card that you can use at Costco. You can buy them separately, or you can earn one with certain one-time purchases.

For example, many of Costco's home improvement services give out Shop Cards when you make the purchase through Costco. Often, the value of your Shop Card is 10% of the purchase amount. So, if you paid $1,300 for a service, you would get a $130 Shop Card. That essentially pays for your Executive membership in one go.

But you don't need to be a homeowner to get one of these Shop Cards. Costco will also give them out with other big purchases, like appliances, electronics, furniture, and mattresses. If you're in the market for one of these items, take a look at Costco's deals first. You might earn the value of your membership just by buying it there.

One thing to keep in mind: If you haven't gotten a Costco membership yet, or you know someone who hasn't, look for a membership promotion first. You can usually find these promotions online (Groupon is a good place to start), and you'll often get a Costco Shop Card for signing up and establishing auto-renewal. With that Shop Card, you're well on your way to getting the value of your membership in savings, especially if you apply any (or all) of the other tips above.

Top credit cards to use at Costco (and everywhere else!)

If you’re shopping with a debit card, you could be missing out on hundreds or even thousands of dollars each year. These versatile credit cards offer huge rewards everywhere, including Costco, and are rated the best cards of 2024 by our experts because they offer hefty sign-up bonuses and outstanding cash rewards. Plus, you’ll save on credit card interest because all of these recommendations include a competitive 0% interest period.

Click here to read our expert recommendations for free!

We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has positions in and recommends Costco Wholesale and Visa. The Motley Fool has a disclosure policy.

Costco Wholesale (COST-Q) Quote - Press Release (2024)

FAQs

What is the financial performance of Costco? ›

Costco Financial Overview

The company's EPS TTM is $16.133; its P/E ratio is 53.60; and it has a dividend yield of 0.50%. Costco is scheduled to report earnings on September 25, 2024, and the estimated EPS forecast is $5.07.

Is Costco a public company? ›

Costco is a Washington corporation, publicly traded under the Nasdaq ticker symbol "COST", with its home office in Issaquah, Washington.

What is the market share of Costco wholesale? ›

Costco operates 591 warehouses in the United States and has over 60% market share in the domestic warehouse club industry.

What is Costco's beta? ›

What is Costco Wholesale Beta? Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-08-12), Costco Wholesale's Beta is 1.05.

Is Costco doing well financially? ›

While COST beat revenue and earnings expectations for its fiscal 2024 third quarter, the company kept membership fees unchanged at current rates. In the 12 weeks ended May 12, Costco's revenue increased 9.1% year-over-year to $58.5 billion.

Who is the biggest investor in Costco? ›

According to the latest TipRanks data, approximately 45.39% of Costco (COST) stock is held by retail investors. Vanguard owns the most shares of Costco (COST).

Who are Costco's biggest competitors? ›

Costco Wholesale Corp's (COST) main competitors in the highly competitive retail market of large discount stores are Walmart Inc. (WMT) and Target Corporation (TGT). These companies are also sometimes classified as consumer defensive stocks.

What is the religion of the owner of Costco? ›

Sinegal: I was raised and educated as a Catholic. I would not suggest to you that I am a practicing Catholic today, although I still consider myself a Catholic. I am involved in many Catholic charities, mainly because I have that background. I am a trustee on the board of Seattle University, a Jesuit University.

Is Costco owned by Target? ›

Costco is not part of the Target Corporation (or vice versa) whereas Sam's Club is a division of Walmart Stores.

What is Costco biggest seller? ›

Toilet paper

Costco's best-selling item is its Kirkland Signature Bath Tissue. It sells more than a billion rolls every year, bringing in over $400 million dollars in revenue. Costco's toilet paper is thicker and more absorbent than most other brands. It is also less expensive per sheet than many other brands.

Who makes the most money at Costco? ›

Hourly pay at Costco Wholesale Company ranges from an average of $13.96 to $29.85 an hour. Costco Wholesale Company employees with the job title Meat Cutter make the most with an average hourly rate of $20.20, while employees with the title Cashier make the least with an average hourly rate of $16.27.

Where is the busiest Costco in the world? ›

LET'S CHECK OUT THE BUSIEST COSTCO IN THE WORLD!! THIS IS THE ILEWEI COSTCO IN HONOLULU HAWAII 😮 #costco #costcofinds #costcohawaii ##costcotiktok #hawaii #honolulu.

How much debt does Costco have? ›

Costco Wholesale's total debt for fiscal years ending September 2019 to 2023 averaged 1,510.6 billion. Costco Wholesale's operated at median total debt of 1,112.1 billion from fiscal years ending September 2019 to 2023. Looking back at the last 5 years, Costco Wholesale's total debt peaked in May 2024 at 8,209 billion.

What is Costco's reputation? ›

Companies with the highest 2023 Axios Harris poll reputation scores
2023 RankCompany2023 Score
2Costco82.1 82.1
3John Deere82.0 82.0
4Trader Joe's81.7 81.7
5Chick-fil-A81.4 81.4
6 more rows
Jun 1, 2023

What is Costco Ebitda? ›

EBITDA can be defined as earnings before interest, taxes, depreciation and amortization. Costco EBITDA for the quarter ending May 31, 2024 was $2.713B, a 26.13% increase year-over-year.

How well is Costco performing from a financial perspective? ›

2020 annual report shows that Fiscal year 2020 net sales totaled $163 billion, up 9%. 2021 annual report shows that Net sales for fiscal year 2021 totaled $192 billion, up 18%. Costco has been able to keep growing at a time when many retailers have been hit by the economy.

What is the financial projection for Costco? ›

Future Growth

Costco Wholesale is forecast to grow earnings and revenue by 7.4% and 6.4% per annum respectively. EPS is expected to grow by 7.6% per annum. Return on equity is forecast to be 24.7% in 3 years.

Is Costco still a success? ›

Costco Wholesale (COST 1.12%) has emerged as one of the most successful and admired retail companies. Its approach of selling high-quality goods in bulk at discounted prices continues to draw increasing sales, new warehouse openings, and membership renewals.

How much debt is Costco in? ›

Costco Wholesale's total debt for fiscal years ending September 2019 to 2023 averaged 1,510.6 billion. Costco Wholesale's operated at median total debt of 1,112.1 billion from fiscal years ending September 2019 to 2023. Looking back at the last 5 years, Costco Wholesale's total debt peaked in May 2024 at 8,209 billion.

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