Costco reduces private label product prices due to changes in packaging and manufacturing.

Costco has announced price reductions on several private label products, including boneless chicken tenders and macadamia nuts. CFO Gary Millerchip attributes these decreases to changes in packaging and manufacturing goods closer to their markets, which lower shipping costs and emissions. Despite raising its basic membership fee from $60 to $65, overall food prices in the U.S. have only increased 0.8% from the previous year, down from higher annual hikes.

October 03, 2024
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