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Stock impact report

Walmart follows Costco's lead on gas stations [Yahoo! Finance]

Costco Wholesale Corporation (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The retail giant plans to open or remodel over fuel and convenience stations across 34 U.S. states by the end of 2025. Costco, by comparison, operates more than 700 gas stations , according to its latest annual report. Walmart and Costco did not immediately respond to Quartz's request for comment. This move could be one way Walmart aims to compete with Costco's popular fuel program, which made up about 12% of total sales in 2024. While Costco keeps its gas stations exclusive to members, Walmart's stations are open to everyone, potentially providing a larger customer base and a profit boost. In addition, Walmart is offering a new perk for loyalty members: a 10-cent discount per gallon at Walmart stations, as well as at participating Exxon ( XOM ), Mobil, and Murphy ( MUSA ) stations. Meanwhile, Costco has been expanding its fuel business. Recently, the warehouse only retailer said it would extend hours at its stations to boost usage, as it tries to recover from a slight dip in g Show less Read more
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