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Costco CEO Promises Tariff Refunds Amid Price Cuts

3/6/2026

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Story summary
  • Ron Vachris, Costco CEO, said Costco will return tariff refund values to members during a quarterly earnings call.
  • The process and timing of these refunds remain unclear.
  • Costco is among many companies suing the U.S. government for refunds on overturned tariffs.
  • Vachris described steps to mitigate tariff impacts, including changing countries of origin and focusing on Kirkland Signature.
  • Costco has reduced prices on textiles and cookware.