Costco company profile

Costco is one of the world’s largest retailers. Find out how the membership-only company grew to be a multinational corporation.

About Costco

Costco Wholesale Corporation is an US-based multinational with an operating revenue of around $152bn. The company is known simply as Costco and is known for its global chain of membership-only so-called ‘big-box’ retail stores. 

Costco was founded in 1976 and was initially called the Price Club Warehouse. The first store opened on 12 July on Morena Boulevard in San Diego, California. 

The first Price Club Warehouse, which is still in use, was located inside a series of old airplane hangars previously owned by Howard Hughes.

Costco has grown to become the fifth largest retailer in the world. In 2020 it was the world’s largest retailer of both choice and prime beef, organic foods, rotisserie chicken, and wine.

In 2021, Costco was ranked 10th on the Fortune 500 rankings of the largest United States corporations by total revenue. 

Who owns (the) Costco company?

Costco’s board of directors is chaired by its co-founder Jeffrey H Brotman and includes James Sinegal, co-founder and director. 

Costco shares are traded under the ticker COST on the New York Stock Exchange and Costco is a component of the NASDAQ-100, S&P 100 and S&P 500 indices.

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COST price history

Date Close Change Change(%) Open High Low
Aug 18, 2022 560.67 1.94 0.35% 558.73 564.21 556.15
Aug 17, 2022 556.06 6.58 1.20% 549.48 559.00 548.77
Aug 16, 2022 552.76 1.71 0.31% 551.05 559.69 548.43
Aug 15, 2022 545.52 8.50 1.58% 537.02 546.73 535.12
Aug 12, 2022 536.89 1.61 0.30% 535.28 538.12 533.30
Aug 11, 2022 531.96 -10.38 -1.91% 542.34 542.75 531.60
Aug 10, 2022 539.34 -4.19 -0.77% 543.53 549.55 536.98
Aug 9, 2022 535.47 -6.43 -1.19% 541.90 544.35 533.63
Aug 8, 2022 541.65 -0.77 -0.14% 542.42 547.12 538.40
Aug 5, 2022 540.34 3.38 0.63% 536.96 541.26 532.98
Aug 4, 2022 543.02 -3.14 -0.57% 546.16 546.62 540.49
Aug 3, 2022 546.64 1.80 0.33% 544.84 548.31 541.77
Aug 2, 2022 543.15 -1.61 -0.30% 544.76 550.73 540.32
Aug 1, 2022 546.42 5.36 0.99% 541.06 552.37 541.06
Jul 29, 2022 540.84 8.72 1.64% 532.12 541.79 531.56
Jul 28, 2022 535.84 15.66 3.01% 520.18 538.89 519.77
Jul 27, 2022 521.76 9.04 1.76% 512.72 525.00 510.90
Jul 26, 2022 511.68 -2.71 -0.53% 514.39 519.33 508.46
Jul 25, 2022 528.79 -2.94 -0.55% 531.73 531.73 525.72
Jul 22, 2022 529.46 0.92 0.17% 528.54 536.71 525.77

Where is the Costco company located? 

Costco’s headquarters is in Issaquah, near Seattle, in Washington state, USA; its own-brand Kirkland Signature label bears the name of its former location in Kirkland. 

What does Costco do?

A Costco store will sell items sold in supermarkets except that the stock tends to be sold in bulk. Costco stores are normally located in warehouses with more than 140,000 square feet (13,000 square metres) of floor space. 

A Costco store will only tend to sell 5,000 different items at any given time, an average supermarket tends to sell over 50,000.

Costco facts

Costco is one of the biggest pizza sellers in the US with more than 400 Costcos that use robots to help make pizza sauce.

Costco sells $4,000 "Emergency Cube" complete with 30,000 servings of food that will last 25 years.

Costco is the world’s largest importer of wines. It sells an estimated $1bn worth of wine, more than any other retailer. 

Kirkland is Costco’s own brand, which it uses to sell everything from water to protein shakes.

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
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