Costco cut prices for some Kirkland Signature items across multiple shopping categories, including home goods, the company announced during a recent earnings call.
The cuts were made during the company’s third quarter, which ended in early June, and also included Kirkland Signature offerings such as groceries and sports equipment.
“Our goal is to be the first to lower prices where we see opportunities to do so,” Gary Millerchip, Costco’s executive vice president and chief financial officer, said during the call on Friday, May 29.
According to Millerchip, price cuts included:
- Kirkland Signature Crispy Wings – From $16.99 to $14.99
- Kirkland Signature Milk Chocolate Almonds – From $19.99 to $18.99
- Kirkland Signature Golf Balls – From $32.99 to $29.99
- Kirkland Signature King Size Sheets – From $89.99 to $79.99
USA TODAY found this week that some products listed on Costco’s website did not reflect the lower prices. The website does note that “Warehouse pricing may vary.” USA TODAY contacted Costco on Monday, June 8, for additional information.
Per Costco, net sales for quarter three increased 11.6% from $61.96 billion in 2025 to $69.15 billion this year.
The company currently has 931 warehouses, including 639 in the United States, 115 in Canada and 43 in Mexico. Costco also operates e-commerce sites in Australia, Canada, China, Japan, Mexico, South Korea, Taiwan, the United Kingdom and the United States.
The company said during the call that it plans to open 26 or so warehouses during fiscal year 2026, and 30 or more new warehouses annually in the coming years.
How Costco Is Keeping Gas in Stock Amid the Iran War
Costco CEO Ron Vachris said during the May 29 earnings call that the ongoing Iran war has had a “significant impact on product supply and gas prices.”
As a result, the company is doing its best to keep gas in stock, he said, adding that Costco’s gas team had multiple daily deliveries to many locations. Some customers came to Costco for the first time to fuel up, he added.
Tariff Refunds Could Mean Lower Prices
Vachris also discussed President Donald Trump’s signature tariffs. The president last year declared a national emergency and announced a 10% tariff on most imports to the United States. The Supreme Court ruled in February that the administration had exceeded its authority under certain federal law, effectively allowing businesses to request refunds for the tariffs paid.
“We started submitting our refund claims for the [fees]” Vachris said. “These submissions will go in over what may be the next few months … We should start receiving refunds on approved claims on a rolling basis over the following two to three months.”
Costco has said the refunds could mean lower prices for consumers, though it wasn’t immediately clear in what form. The company is also facing a class-action lawsuit that a group of shoppers filed in March, alleging that it passed the costs of illegal tariffs to customers.
Contributing: Anthony Thompson, USA TODAY. Saleen Martin is a reporter on USA TODAY’s trending team. Reporting by Saleen Martin, USA TODAY. USA TODAY Network via Reuters Connect.
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