Costco Wholesale Corporation Announces Reauthorization of Share Buyback Program and Quarterly Cash Dividend

ISSAQUA, WA, Jan. 19, 2023 (GLOBE NEWSWIRE) — Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) at the moment introduced that its board of administrators has reauthorized a share repurchase program of as much as as much as 4 billion {dollars}. This program expires in January 2027 and replaces the present $4 billion program (adopted in 2019 and expiring in April 2023) that has acquired roughly $1.4 billion. The Board of Directors additionally declared a quarterly money dividend on Costco widespread inventory of 90 cents per share. Dividends are payable on February 17, 2023 to registered shareholders on the shut of enterprise on February 3, 2023.

Costco at present operates 847 warehouses, together with 583 within the US and Puerto Rico, 107 in Canada, 40 in Mexico, 31 in Japan, 29 within the UK, 18 in Korea, 14 in Taiwan, 14 in Australia, 4 in Spain . two every in France and China, and one every in Iceland, New Zealand and Sweden. Costco additionally operates e-commerce websites within the US, Canada, UK, Mexico, Korea, Taiwan, Japan, and Australia.

Certain statements contained on this doc are forward-looking statements throughout the that means of the Private Securities Litigation Reform Act of 1995. For these functions, forward-looking statements are statements referring to actions, occasions, situations or occasions that the Company expects or expects could happen sooner or later. In some instances, forward-looking statements could be recognized as a result of they comprise phrases equivalent to “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “probably”, “may be “. ”, “may”, “plan”, “potential”, “predict”, “project”, “seek”, “must”, “target”, “will”, “will” or related expressions and negations of those phrases. Such forward-looking statements contain dangers and uncertainties that would trigger precise occasions, outcomes or efficiency to vary materially from these said in such statements. These dangers and uncertainties embrace, however aren’t restricted to, home and worldwide financial situations, together with alternate charges, inflation or deflation, the consequences of competitors and regulation, monetary market uncertainty, client and small enterprise spending patterns, and debt ranges, safety or privateness breaches. membership or enterprise info, situations affecting the acquisition, growth, possession or use of actual property, capital expenditures, vendor actions, rising employee-related prices (usually together with healthcare prices), vitality and sure commodities, geopolitical situations (together with tariffs and Ukrainian battle), the flexibility to keep up efficient inner management over monetary reporting, regulatory and different impacts associated to local weather change, components and challenges associated to COVID-19, and different dangers which are recognized within the firm’s actions now and again. public statements and studies filed with the Securities and Exchange Commission. Forward-looking statements are legitimate solely as of the date they’re made, and the Company doesn’t undertake to replace these statements, besides as required by legislation.

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