CLAIM #16886 · Costco Wholesale Corp (COST) · 2025Q3 earnings call · May 29, 2025 · due Aug 31, 2025
“But we are going to continue to invest in price. It is what we do. It is how we grow our business, and we are going to continue to try and mitigate as much of this impact on tariffs as we can for our members.”
Ron Vachris · CEO
In context
“the pedal to the metal in anything different about the posture? And are you seeing in places where price you are holding relative to the market, are you seeing tonnage and unit volume actually change meaningfully? Thanks. Ron Vachris: Yeah. Very good questions. I mean, you know, it is quite complicated, as Gary said, now as we are dealing with the moving tariff scenes. As things continue to change each day. We have been very fortunate with some of the key commodities coming down, and then our buyers are immediately the first ones down in those goods. So we take every advantage of every opportunity that we can lower prices. And we have seen our competitive landscape improve slightly at the latter part of the quarter, which is very good for us. So it means that we are doing the right thing. But we are going to continue to invest in price. It is what we do. It is how we grow our business, and we are going to continue to try and mitigate as much of this impact on tariffs as we can for our members. So it is as we have always done, it is full force ahead on lowering prices where we can. Simeon Gutman: Okay. Thank you so much. Operator: And our next question comes from the line of Christopher Horvers with JPMorgan. Your line is open. Christopher Horvers: Thanks. Good evening, guys. So quick follow-up, and on that last question and then an add-on. So when Ron, when you mentioned that it improved in the latter half of the latter part of the quarter, is that because your peers are raising prices? So, you know, how are price gaps changing given the inflation that is going on out there? And secondly, as you think about, you know, the March, April period, I was you did extremely well in the non-foods category. Clearly, there a lot of that is share. To what extent you quantify, you know, pul”
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SEC filings for COST ↗ · Claim quote is verbatim from the 2025Q3 earnings call.