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Ron Vachris

President, Chief Executive Officer & Director, Costco

Search every verified Ron Vachris interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Ron Vachris, President, Chief Executive Officer, and Director of Costco Wholesale, participated in the company’s fourth quarter fiscal year 2026 earnings call on September ​24, ​2026. During the call, Costco reported quarterly revenue of $​95.7 billion and adjusted earnings per share of $​6.60, which exceeded expectations. Vachris discussed the company’s recent actions, including reinvesting initial tariff refunds received in the fourth quarter into price reductions for members. These reductions applied to everyday items such as produce, meat, and beverages, as well as some non-food items including home furnishings and hardware. Vachris also addressed membership growth trends, noting that while growth had slowed, the company was seeing continued increases in new member signups and a normalization in renewal rates as younger, digitally engaged members matured within the membership base. He expressed confidence in opportunities for new warehouse growth, citing new U.S. markets such as Buffalo, New York, and Lawrence, Kansas, along with infill locations in mature markets and international expansion. He stated that new markets bring more new members, while infills offer quicker paths to sales and profitability, and emphasized the company’s focus on lowering prices to deliver value to members, particularly in areas like pharmacy, where lower drug pricing had driven unit growth.

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