{
  "id": 9774346,
  "title": "Costco tariff refunds update: Here’s how the warehouse club says it gave back to members so far",
  "url": "https://urgent.news/2026/09/25/costco-tariff-refunds-update-heres-how-the-warehouse-club-says-it",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-25T12:56:00.000Z",
  "source": {
    "name": "Fast Company",
    "slug": "fast-company",
    "url": "https://www.fastcompany.com/91613182/costco-tariff-refund-amount-update-how-gave-back-to-members"
  },
  "original_language": "en",
  "account": "Costco Wholesale Corporation recently disclosed how it has returned tariff refunds to its members through various means. In its fourth quarter earnings report, the company shared that it received about $184 million in tariff refunds during Q4, accounting for roughly one-third of the total refunds expected. CEO Ron Vachris revealed that some of these funds were reinvested to provide value back to members, primarily through price reductions on a range of items. These reductions were observed in the second half of the quarter, covering everyday essentials in produce, meat, beverages, and non-food items like home furnishings and hardware, according to Vachris during a post-earnings call.\n\nCFO Gary Millerchip stated that Costco had received approximately the same amount of refunds in the first quarter of fiscal 2027. Despite this, the company reported a strong fiscal year 2026, closing its fourth quarter with $2.998 billion in net income, an increase from $2.610 billion the previous year. The company's annual net income also grew to $9.226 billion, up from $8.099 billion in 2025. Additionally, Costco expanded its store presence, adding 25 new locations for a total of 939 stores, marking a year-over-year growth. As of Thursday's close, Costco's shares traded flat in premarket trading.",
  "summary": "Costco Wholesale Corporation used its fourth quarter earnings report to share more about its tariff refund plan. The Washington-based retail company previously explained that it would return the refunds to customers “in some form.” Now, Costco CEO Ron Vachris has shared that the company received some “initial” refunds during its fourth quarter and “reinvested some of these dollars to give value…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}