Costco seeks tariff refunds, vows value returns to members

Costco CEO Ron Vachris said the company is committed to returning tariff refund value to members. "Regarding tariff refunds, it is not yet clear what the process will be, what refunds, if any, will be received, and when this will happen," Vachris said during the wholesale clubs' quarterly earnings call on Thursday.

Costco is one of hundreds of companies suing the US government for refunds of Trump's IEEPA tariffs, which were struck down by the Supreme Court last month. Vachris added, "When legal challenges have recovered charges passed on in some form to our members, our commitment will be to find the best way to return this value to our members through lower prices and better values." The company has shifted countries of origin for certain items, consolidated global purchases, and leaned into its Kirkland Signature brand to manage the impact of tariffs on pricing.

"We believe our expertise in buying and our limited SKU-count model puts us in a position to manage this as well as anyone," Vachris said.

United States

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