Neutral
Costco stock declines 0.86% to $902.60 amid August sales report and program closure
Costco's stock experienced a slight decline following the release of its August sales figures and the unexpected termination of the Costco Next program. The company reported a 9.9% increase in net sales for August, but also discontinued its Costco Next online marketplace without prior notice.
Key points
- Costco reported net sales of $23.70 billion for August, a 9.9% increase from the previous year.
- The company announced plans to open 14 new warehouses across the U.S. and Canada in the coming months.
- Costco quietly ended its 'Costco Next' online discount program, directing members to contact individual vendors for returns and warranty issues.
Sources
- Costco Wholesale Corporation Reports August Sales ResultsCostco Wholesale Corporation · September 2, 2026
- Costco set to expand with 14 new warehouses across US and CanadaFOX 13 Tampa Bay · September 9, 2026
- Costco Quietly Ends Beloved 'Next' Online Discount ProgramBusiness News 97.5 FM · September 4, 2026
AI-generated from public news sources. Not financial advice.
