Costco delivered strong quarterly revenue as shoppers turned to the wholesale club to deliver value in the face of high prices elsewhere.

Costco's strategy is to attempt to open 25-30 new locations each year, typically with half of them in the U.S. and the other half in international markets, chief financial officer Gary Millerchip said Thursday. If openings go as scheduled, the company will open 25 during the current fiscal year, which ends Aug. 31.

Costco Wholesale missed Wall Street expectations for second-quarter profit on Thursday, hurt by rising merchandise costs.

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Judging by Costco’s recent growth, it’s clear that the company has plans to open more than just seven U.S. locations in 2025. During the 2024 fiscal year, Costco opened 29 total locations, including 23 in the U.S. And in 2023, Costco opened 23 total locations, with 13 in the U.S.

Costco reported fiscal second-quarter sales that topped analysts’ estimates, but earnings missed as costs rose.

Though it's better known for bulk deals for budget-savvy members, Costco also sells more expensive items geared toward wealthier buyers.

While Visa is the only credit card accepted by Costco, it’s not the only form of payment patrons can use. Members are free to use almost any debit card, even if it’s issued by Mastercard. They can also pay by cash, check, electronic benefit transfer (EBT), mobile payments like Apple Pay, or traveler’s checks.

Costco will surpass 900 locations worldwide with the opening of several new warehouses in early March. Back in December, the Issaquah, Washington-based retailer announced plans to open 29 new ...