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Costco CFO says 50 cent wage increase poses expense ‘headwind’

Retail Dive LogoRetail Dive1d ago

Costco CFO says 50 cent wage increase poses expense ‘headwind’ - Retail Dive

Quick Summary:

CFO Gary Millerchip said Thursday that Costco will continue looking for ways to offset the expected impact of its new employee agreement on SG&A.

The deal came after Costco Teamsters voted to authorize a strike in January, after negotiations on a National Master Agreement expired Jan.31.

CFO Gary Millerchip said Thursday that Costco will continue looking for ways to offset the expected impact of its new employee agreement on SG&A.

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Costco CFO says 50 cent wage increase poses expense ‘headwind’ - Retail Dive (Picture 1)Costco CFO says 50 cent wage increase poses expense ‘headwind’ - Retail Dive (Picture 2)Costco CFO says 50 cent wage increase poses expense ‘headwind’ - Retail Dive (Picture 3)Costco CFO says 50 cent wage increase poses expense ‘headwind’ - Retail Dive (Picture 4)

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Article Details

Author / Journalist: Maura Webber Sadovi

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-11 @ 10:55:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 677 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 26894717

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About Retail Dive

Retail Dive Logo

Main Topics: EconomyBusiness

Official Website: retaildive.com

Year Established: 2012

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #56

Publisher Details

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  • URL: https://beamstart.com/news/costco-cfo-says-50-cent-17417054466831

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