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

Motley Fool - Sat Aug 17, 5:15AM CDT


If you've shopped at Costco before, then you've no doubt come across the Kirkland label. Kirkland is Costco's signature brand. And the nice thing about choosing Kirkland products is getting to save money without skimping on quality.

In fact, some of the Kirkland products I love are superior in quality to the more expensive versions I've purchased elsewhere. Here are four such items I'd encourage everyone to try.

1. Kirkland Signature Creamy Almond Butter

If you're not a fan of almond butter, keep reading. I get that it's not for everybody, and I'm not here to try to convince you that it's superior to peanut butter in any way.

But if you like almond butter, then the Kirkland version is worth trying. It's rich and creamy, and it's incredibly affordable. The online price has you paying $0.28 per ounce, but in-store prices are almost always cheaper. At my local supermarket, the cost per ounce is almost double.

2. Kirkland Signature Almonds, Milk Chocolate

Okay, so clearly there's a bit of an almond theme happening here, but stay with me. As a self-proclaimed sweet tooth, I often turn to sugar when I need a pick-me-up. But I feel slightly less guilty doing so with chocolate-covered almonds, since they're a bit less junky in my book than plain milk chocolate.

Kirkland's milk chocolate almonds are out of this world. They're sweet, obviously, but not cloying. The only downside is that you might eat a few too many of these in one sitting because they're pretty darn addictive.

3. Kirkland Signature Sweet Heat Snack Mix

Although I love sugar, sometimes, I specifically want a snack that isn't sweet, such as when I'm hiking on a warm day. Kirkland's Signature Sweet Heat Snack Mix totally fits the bill there. It's a blend of barbecue almonds (yep, those again), seasoned cashews, honey roasted sesame sticks, glazed pecans, and corn nuggets.

Now, I can handle a bit of heat. But I'll also tell you that these aren't particularly spicy to me. They have just the right amount of zing, but in my experience, you won't be reaching for a water jug every few bites.

4. Kirkland gas

It's not just food products that you'll find the Kirkland label on. Costco's Kirkland fuel stations are worth stopping at for a couple of reasons.

First, there's the price. In my area, it can't be beat. It's worth doing some research to see which station has the cheapest gas in your neck of the woods. But chances are, you'll find that Kirkland gas is the least expensive.

Also, Kirkland gas has the TOP TIER certification. This means it's likely to lead to optimal vehicle performance. Not all fuel stations sell gas that have this designation. So not only might you pay less for gas at Costco, but you might get better mileage out of it.

It pays to give Kirkland a chance

Costco takes pride in its Kirkland products, so when you buy Kirkland, you can bank on getting your money's worth. And if you ever feel differently, you should know that Costco has a customer satisfaction guarantee on everything it sells. So if you end up buying a Kirkland product, or any product for that matter, that you're not happy with, you can bring it back for a refund.

This makes buying Kirkland products for the first time a risk-free experience. But chances are, once you give these items a try, they're going to become permanent fixtures on your shopping list.

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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.Maurie Backman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale. The Motley Fool has a disclosure policy.

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

FAQs

How much is the Costco Executive Membership fee in 2024? ›

Also effective September 1, annual fees for Executive Memberships in the U.S. and Canada will increase from $120 to $130 (Primary membership of $65, plus the Executive upgrade of $65), and the maximum annual 2% Reward associated with the Executive Membership will increase from $1,000 to $1,250.

What is Costco's best cost strategy? ›

Costco's generic competitive strategy is cost leadership. This generic strategy entails low costs typically reflected through low selling prices. Customers expect significant savings when they buy at the company's stores. However, other big-box retailers also use the cost leadership generic competitive strategy.

How much is Costco raising their membership fee? ›

Beginning Sept. 1, the fee for customers who shop at Costco Wholesale stores will increase by $5 to $65 annually for the basic Gold Star Membership and by $10 to $130 annually for customers with the Executive Membership.

What is the quarterly prediction for Costco? ›

COST Financial Forecast

Next quarter's earnings estimate for COST is $5.07 with a range of $4.86 to $5.58. The previous quarter's EPS was ―. COST beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 60.22% of the time in the same period.

How much do you have to spend at Costco to make the executive membership worth it? ›

But if your annual spend regularly tops $3,250, you're better off with the Executive Membership. Every additional dollar you spend after $3,250 will bring your annual fee further and further below $65 and end up saving you money in the long run.

What are the changes in Costco 2024? ›

Effective September 1, 2024, membership fees will increase. All Costco memberships will continue to include one free card for a designated member of the household who is 16 years of age or over. Our membership fees help to offset operational costs so we can keep our prices low.

Does Costco make most of its money from membership fees? ›

Costco earns about 73% of its profits from membership fees. That's a good sign for Costco shoppers' bank accounts, because it means the store really is trying to offer the best possible deals at the lowest prices.

What is the average markup at Costco? ›

Costco's gross margin is ~12% of revenue. That means their average markup (including revenue from membership fees) is over 10%. If membership fees are about 2% of revenue, and other income (e.g. commission from the vendors near the exit), then Costco's markup is in the 8% to 9% range.

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.

How do I avoid Costco membership fees? ›

I'll explain a few ways you can do that.
  1. Do your shopping at Costco.com. Costco has more than 800 clubs worldwide. ...
  2. Place a Costco order through Instacart. ...
  3. Shop with a friend who has a membership.
Jul 26, 2024

How to get a Costco membership for free? ›

Costco doesn't offer free or discounted memberships, but rest assured that the cost of membership can be recovered quickly thanks to massive price savings once you start shopping.

Can I shop at Costco without a membership? ›

Use a Costco Shop Card

A Shop Card is Costco's version of the gift card. And having a Shop Card gives you access to any warehouse club store -- even if you don't have a membership card to flash at the door. You can use a Shop Card for any Costco item that strikes your fancy, whether it's food, apparel, or electronics.

Is Costco overvalued? ›

Compared to its peers, Costco's price-earnings ratio is significantly higher at 3 times the industry median. The PEG ratio, which incorporates expected growth, is not any better, and is also 3 times the industry median.

Will Costco stock reach $1000? ›

Forget $1,000 per share -- focus on valuation instead

It will require a 16% gain for Costco's share price to breach four-figure territory. Since the stock has already climbed by twice this amount in the first half of 2024, I don't doubt it's possible for Costco to surpass $1,000 before the end of the year.

What is the future outlook for Costco? ›

Stock Price Forecast

The 27 analysts with 12-month price forecasts for Costco stock have an average target of 819.89, with a low estimate of 585 and a high estimate of 975. The average target predicts a decrease of -5.82% from the current stock price of 870.59.

What is the renewal fee for Costco Executive membership? ›

The annual Executive Membership renewal fee is $120 (plus the fees for any Affiliate Cardholders and sales tax where applicable). If you're the Primary Member or Account Manager on your Costco membership, you may upgrade your membership online, in person at your local warehouse, or by calling 1-800-774-2678.

Should I upgrade to Executive membership at Costco? ›

A basic Costco membership costs $60 a year, while an upgraded Executive membership costs $120 and gives you 2% cash back. It pays to consider an upgrade if you've started shopping at Costco more consistently.

What is the Costco Executive membership Deal? ›

Upgrade to an Executive Membership and receive an annual 2% Reward. The Executive Membership upgrade fee is an additional $60 a year for Business or Gold Star Members (plus sales tax where applicable).

How many cards can you get with a Costco Executive membership? ›

A total of two people can be on a Gold Star Membership (either regular or Executive): one Primary Member and one free household member who is over 16 and lives at the same address.

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