Costco Plans 30 New Warehouses Yearly, Seeks Share of $130B Tariff Refunds
Costco CFO Gary Millerchip said members maintained steady buying of essentials and discretionary goods, contributing to a 16% stock gain this year while the S&P 500 fell 2.5%. The retailer plans 30 new warehouses per year for the next decade and is pursuing over $130 billion in US tariff refunds.
1. Consistent Member Spending
CFO Gary Millerchip reported that Costco members have kept purchasing essentials and discretionary items at stable levels despite economic pressures, helping the company’s stock climb about 16% year to date versus a 2.5% decline for the S&P 500.
2. Growth Through New Warehouses
To support long-term growth, Costco plans to open roughly 30 new warehouse locations annually over the next decade across its US and international markets, targeting underserved regions and high-traffic areas.
3. Tariff Refund Litigation
Costco is among more than 2,000 companies filing to recover its share of over $130 billion in US tariff refunds after previous Section 301 duties were ruled invalid, a move that could enhance cash flow and margins.