Costco Gas Stations reached record sales after adding more locations over time
While Costco continues to resist, “Big Money Show” talks about Day’s policy at a company.
Costco extended its gas station hours and opened a new gas station earlier this year. The results benefited warehouse retailers.
CEO Ron Vachris said last week in Costco’s third-quarter revenue call that the company saw “the best two gallon weeks of all time” in the US in April.
According to Costco’s CEO, it is “combined with gas station opening hours, new gas station openings, and Low price at pump. ”
Customers will be lined up at a Costco gas station in Concord, California on June 22, 2022. (David Paul Morris/Bloomberg via Getty Images)
Warehouse Retailer A few months ago, we extended a gas station in North America.
Costco customers spend more time filling gas in their cars
In a mid-February Facebook post, Costco listed new gas station times from 6am to 10pm Monday through Friday, 6am to 8:30pm Saturday, and 6am to 7:30pm Sunday, but it could be different in California and Hawaii.
Costco reported these two “best gallon weeks of all time” after CFO Gary Millerchip previously told analysts and investors in early March that it had been “presume to date with the members’ response to the long hours” and “seeing an improvement in the overall use of the gas station.”
On December 9th, 2023, cars lined up at a Costco gas station in Bayonne, New Jersey. (Angus Medanto/Bloomberg via Getty Images)
During the call, Vachris said that the extension of retailer’s North American gas station time “throughput” Our members It has been improved well and has been found to increase quickly in gallons. ”
Costco buys now and later declares and pays for large amounts of online purchases
Executives did not say they would call the number of Costco gas stations they opened during the revenue last week. According to a Securities and Exchange Commission application, there were over 700 around the world at the end of 2024.
Costco warehouse gas stations are also “open to Costco members only” by the retailer’s website, and Costco Shop Card customers, which also can buy fuel.
Cost Cost A will appear in Bayonne, New Jersey on December 9th, 2023. (Angus Medanto/Bloomberg via Getty Images)
These are one of several “additional” businesses operating in many warehouses, along with pharmacies, food courts, optical centres and tire installation services.
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As of late May, Costco reported Over 620 Costco locations In other countries, there are around 280 people across the US.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| Fee | Costco Wholesale Corp. | 1,056.85 | +16.67 |
+1.60% |