Costco customers get more hours to fill up their cars with gas

15.03.25 13:00 Uhr

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Costco members now have a longer window during which they can visit the warehouse retailer’s gas stations to get fuel for their vehicles. That comes after Costco recently lengthened the hours that its North American gas stations are open each day. CEO Ron Vachris said during the company’s March 6 earnings call that Costco "extended our gas station hours in North America during the quarter to make filling up at Costco more convenient for our members." "Generally, our stations are now staying open an hour later than they did previously with some opening earlier as well," he told analysts and investors. COSTCO CHAIRMAN REVEALS SURPRISING LUXURY ITEMS THAT FLY OFF THE SHELVES: ‘AFFLUENT PEOPLE LOVE A GOOD DEAL’The warehouse retailer detailed the new hours for its gas stations in a Facebook post last month, noting that they "may vary" in California and Hawaii and that members should "check the Costco app for more information." The post listed the extended Costco gas station hours as 6 a.m. to 10 p.m. for Monday through Friday, 6 a.m. to 8:30 p.m. for Saturday and 6 a.m. to 7:30 p.m. for Sunday. COSTCO MEMBERS HAVE A 2025 WISH LIST OF IMPROVEMENTS THEY'D LIKE TO SEE"We’ve been pleased so far with the member reaction and we are seeing an improvement in overall usage of the gas stations," Costco CFO Gary Millerchip said of the extended hours. "It’s early days, of course, but so far, we’ve been pleased by the member response." The gas stations at Costco are "open to Costco members only," with Costco Shop Card customers also able to purchase fuel at them, according to the retailer’s website.Costco executives were also asked about whether the warehouse retailer was considering extending the hours of its stores. COSTCO ROLLS OUT NEW FOOD COURT CHANGES, PROMPTING EXCITEMENT AMONG SOME CUSTOMERSVachris said the company "will continue to look at the warehouse hours" but noted "no plans are in place at this time" to do that. Costco operated nearly 900 warehouse locations globally at the end of the second quarter, more than 600 of which were located in the U.S. Since March 6, the company has launched a handful of new Costco locations, including one in Sharon, Massachusetts. That location marked Costco’s 620th in the U.S. and its 900th worldwide, according to Costco.Vachris said Costco is looking to open 28 warehouses during fiscal 2025 "of which three will be relocations for 25 net new buildings."  Weiter zum vollständigen Artikel bei FOX Business

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Analysen zu Costco Wholesale Corp.

DatumRatingAnalyst
09.04.2019Costco Wholesale OutperformTelsey Advisory Group
05.09.2018Costco Wholesale OutperformTelsey Advisory Group
07.08.2018Costco Wholesale OutperformTelsey Advisory Group
01.06.2018Costco Wholesale OutperformTelsey Advisory Group
08.03.2018Costco Wholesale OutperformRBC Capital Markets
DatumRatingAnalyst
09.04.2019Costco Wholesale OutperformTelsey Advisory Group
05.09.2018Costco Wholesale OutperformTelsey Advisory Group
07.08.2018Costco Wholesale OutperformTelsey Advisory Group
01.06.2018Costco Wholesale OutperformTelsey Advisory Group
08.03.2018Costco Wholesale OutperformRBC Capital Markets
DatumRatingAnalyst
03.03.2017Costco Wholesale Equal WeightBarclays Capital
31.03.2016Costco Wholesale Equal WeightBarclays Capital
10.12.2015Costco Wholesale Equal WeightBarclays Capital
23.10.2015Costco Wholesale HoldWilliams Capital
30.09.2015Costco Wholesale HoldDeutsche Bank AG
DatumRatingAnalyst
28.09.2006Update Costco Wholesale Corp.: Underweight HSBC Securities

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