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Costco to Open 15 Warehouses in U.S. in FY 2020


Costco Wholesale has indicated that it intends to invest $3 billion during the coming fiscal year ending September 2020 to open 15 U.S. stores, adding to the existing total of 544. The company will be selective as to location, evaluating demographics, spending patterns, competition and population density.

Given a capital expenditure budget of $3 billion for the coming fiscal year, investment in the Nebraska rotisserie broiler complex estimated to cost $400 million appears to be small change for the Company given the importance of the iconic $4.99 cooked broilers.