Costco locations begin to make the switch from Pepsi to Coca-Cola at food courts
The change at Costco's food courts 'began rolling out across all Costco warehouses' at the beginning of July, The Coca-Cola Company said in a statement to FOX Business.
Advertisement
All of Costco's food courts will offer Coca-Cola products by the fall.
It comes at a time when President Donald Trump announced on Truth Social that Coca-Cola was going to switch to using cane sugar as a sweetener instead of high-fructose corn syrup.
Coca-Cola has neither confirmed nor denied Trump's claim.
However, it has thrust the drink maker into a brighter spotlight despite its market dominance.
Advertisement
The warehouse retailer's change to Coca-Cola beverages may not come as a surprise to members considering Costco CEO Ron Vachris said in January the company would be 'converting our food court fountain business back over to Coca-Cola' this summer.
It nonetheless marks a big change for Costco food courts, which had offered Pepsi products since 2013.
'Costco insiders and Coca-Cola fans are buzzing about the transition, which will span warehouses in 14 countries, allowing Costco members everywhere to once again enjoy their favorite Coca-Cola beverages alongside Costco's beloved food court offerings,' Coca-Cola told FOX Business.
3 Costco's food courts have started switching from Pepsi to Coca-Cola.
AP
Advertisement
3 The rollout of Coke products began in early July.
Christopher Sadowski
Some social media users have posted photos of Costco food courts to Reddit with a Coca-Cola cup visible in the signage for its popular hot dog and soda combo in recent days.
Food courts are one of the many ancillary businesses Costco offers at warehouses along with gas stations, optical departments, hearing aids and tire installation.
Costco has said its ancillary businesses encourage members to make trips to the warehouse retailer more often.
Advertisement
3 Costco food courts had offered Pepsi products since 2013.
oasisamuel – stock.adobe.com
Costco Wholesale
Globally, as of Wednesday, the company's footprint spanned 908 warehouses, with 625 of them located in the US, according to a press release.
Vachris said during the company's third-quarter earnings call in late May that it expects to reach 914 locations worldwide by the end of its fiscal year.
In August, seven Costco openings are planned, with warehouses launching in Canada, Mexico and the US, according to a page on the retailer's website.
Costco will release its fourth-quarter financial results in late September.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
15 minutes ago
- Yahoo
Free trade carveouts key in potential deal between U.S. and Canada: business groups
Business leaders and academics say they hope to see Canada and the U.S. maintain free trade protections for most goods once an agreement is reached, even if the negotiations can't stave off certain sectoral tariffs. It's unclear if the two countries will stick to the Aug. 1 deadline for wrapping up talks, as Prime Minister Mark Carney said Monday negotiations were in an "intense phase" but U.S. President Donald Trump told reporters last week that Canada wasn't a priority for his administration. Whether a deal is announced Friday or later, Canadian Federation of Independent Business president Dan Kelly says his organization's members feel "a good chunk" of trade must remain tariff-free in order for talks to be considered successful. He says it wouldn't be a win for Canada if the trade agreement ends up looking similar to the deal struck by the U.S. with the European Union on Sunday. That framework imposes a 15 per cent tariff on most goods imported into the U.S., including European automobiles, and no carveouts for key products like pharmaceuticals and steel. Kelly says Canadian business leaders will also be watching to find out what levies will remain on imports from the U.S., noting Canada's ongoing retaliatory tariffs "are really crippling small businesses even more than the U.S. tariffs." This report by The Canadian Press was first published July 29, 2025. Sammy Hudes, The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15 minutes ago
- Yahoo
FTSE 100 LIVE: Markets higher as attention turns to slew of earnings reports
The FTSE 100 (^FTSE) and European stocks headed higher on Tuesday morning, recouping losses from the previous session as traders' attention turns to the crop of quarterly company updates slated for this week. Barclays (BARC.L) bank reported second quarter results before the opening bell in London, with its stock price hovering as it announced £1bn in share buybacks. The bank's earnings call is at 2.30pm. In Europe a crop of fashion and luxury retailers are set to report, including Kering ( Christian Dior ( and L'Oreal ( In the US, reports from Visa (V), Procter & Gamble (PG), United Health (UEEC), Boeing (BA), Spotify (SPOT) and Starbuck's (SBUX) are on the agenda. Eyes will also be on movement in the UK's position on sending aid to Gaza, as prime minister Keir Starmer recalls his cabinet today following a meeting with president Donald Trump in Scotland. London's premier index gained 0.1% in early trade. At the top of the index were Melrose Industries (MRO.L) and Games Workshop (GAW.L). Over in Germany, the DAX (^GDAXI) added 0.6%. Paris shares rose, with the CAC 40 (^FCHI) also adding 0.6%. The pan-European STOXX 600 (^STOXX) up 0.3%. Tea and meat feed UK food price increases Yahoo Finance UK's Pedro Goncalves writes: UK families are paying more every time they go grocery shopping, as food price inflation surged for the sixth consecutive month in July, driven by a rise in the costs of meat and tea, according to the British Retail Consortium (BRC). The figures show that food prices are now 4% higher than a year ago, up from 3.7% in June and surpassing the three-month average of 3.5%. Fresh food inflation remained steady at 3.2%, while ambient food prices saw a more significant jump, climbing to 5.1% compared to last June, up from 4.3% the previous month. Overall, shop price inflation also increased, rising to 0.7% in July, up from 0.4% in June, and above the three-month average of 0.3%. Helen Dickinson, chief executive of the BRC, warned that the increase in food price inflation will be felt by households across the country. 'Families will have seen their food bills increase as food price inflation rose for the sixth consecutive month," she said. "Staples such as meat and tea were hit the hardest as wholesale prices for both categories have been hit by tighter global supplies. This has helped push up overall shop prices." Read more on Yahoo Finance UK Average rent surges to £2,712 in London and £1,365 across UK The cost of rent in London has climbed for a 15th consecutive quarter to hit a record high of £2,712 per month, while tenants across the rest of the UK are paying on average £1,365. The data from property site Rightmove (RMV.L) showed that new tenants are now paying an average of £417 more in monthly rent compared to 2020. This is a 44% increase in rents, well above the 36% rise in average earnings over the same period. Rightmove's property expert Colleen Babcock said: 'Despite another new record in average asking rents for tenants, the big picture is that yearly rent increases continue to slow, which is good news for tenants." "Supply and demand is slowly rebalancing towards more normal levels, though we still have a way to go before we reach pre-2020 levels of available homes for tenants. The good news is that the latest industry snapshot suggests more investors are taking out buy-to-let loans compared with last year, which should help to bring even more homes to the rental market.' Read more on Yahoo Finance UK How Barclays shares are faring in early trade Barclays announces £1bn buyback Yahoo Finance UK's Vicky McKeever writes: Barclays (BARC.L) beat profit expectations in the second quarter and announced a further £1bn in share buybacks. Pre-tax profit rose 28% in the second quarter to £2.84bn, results released on Tuesday showed. That exceeded expectations of £2.24bn, according to consensus estimates provided by the bank. For the first half, profit before tax totalled £5.2bn, which was up 23% from the same period last year. Total income was up 14% in the second quarter at £7.19bn, which was also ahead of expectations of £7.01bn. Group net interest income — the gap between what the bank pays out to savers and receives from borrowers in interest — excluding Barclays Investment Bank and head office, came in at £3.1bn, up 13% year-on-year. Barclays also recorded a return on tangible equity — a key measure of profitability — of 12.3% in the second quarter, up from 9.9% for the same period in 2024. Read more on Yahoo Finance UK US stock futures higher ahead of Fed and earnings Our US team writes: US stock futures made gains as Wall Street prepared for fresh earnings and economic data amid a blockbuster week poised to shake markets. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) gained 0.2%. While contracts on the Nasdaq 100 (NQ=F) ticked up 0.3%. On Monday, the S&P 500 and Nasdaq eked out record highs amid an otherwise subdued trading session as Wall Street digested a new trade deal between the US and EU. Good morning! Hello from London. Lucy Harley-McKeown here — ready to bring you the business and markets news of the day. We kicked off the week with an EU-US trade deal. There will no doubt be more details on that to come. In central bank news, the US's Federal Reserve kicks of a two-day meeting about rates today. Traders are also readying themselves for a week of earnings. This morning in London: Barclays' (BARC.L) second quarter report In the US we're looking out for: Visa (V), Procter & Gamble (PG), United Health (UEEC), Boeing (BA), Spotify (SPOT), Starbuck's (SBUX), among others. Let's get to it. Tea and meat feed UK food price increases Yahoo Finance UK's Pedro Goncalves writes: UK families are paying more every time they go grocery shopping, as food price inflation surged for the sixth consecutive month in July, driven by a rise in the costs of meat and tea, according to the British Retail Consortium (BRC). The figures show that food prices are now 4% higher than a year ago, up from 3.7% in June and surpassing the three-month average of 3.5%. Fresh food inflation remained steady at 3.2%, while ambient food prices saw a more significant jump, climbing to 5.1% compared to last June, up from 4.3% the previous month. Overall, shop price inflation also increased, rising to 0.7% in July, up from 0.4% in June, and above the three-month average of 0.3%. Helen Dickinson, chief executive of the BRC, warned that the increase in food price inflation will be felt by households across the country. 'Families will have seen their food bills increase as food price inflation rose for the sixth consecutive month," she said. "Staples such as meat and tea were hit the hardest as wholesale prices for both categories have been hit by tighter global supplies. This has helped push up overall shop prices." Read more on Yahoo Finance UK Yahoo Finance UK's Pedro Goncalves writes: UK families are paying more every time they go grocery shopping, as food price inflation surged for the sixth consecutive month in July, driven by a rise in the costs of meat and tea, according to the British Retail Consortium (BRC). The figures show that food prices are now 4% higher than a year ago, up from 3.7% in June and surpassing the three-month average of 3.5%. Fresh food inflation remained steady at 3.2%, while ambient food prices saw a more significant jump, climbing to 5.1% compared to last June, up from 4.3% the previous month. Overall, shop price inflation also increased, rising to 0.7% in July, up from 0.4% in June, and above the three-month average of 0.3%. Helen Dickinson, chief executive of the BRC, warned that the increase in food price inflation will be felt by households across the country. 'Families will have seen their food bills increase as food price inflation rose for the sixth consecutive month," she said. "Staples such as meat and tea were hit the hardest as wholesale prices for both categories have been hit by tighter global supplies. This has helped push up overall shop prices." Read more on Yahoo Finance UK Average rent surges to £2,712 in London and £1,365 across UK The cost of rent in London has climbed for a 15th consecutive quarter to hit a record high of £2,712 per month, while tenants across the rest of the UK are paying on average £1,365. The data from property site Rightmove (RMV.L) showed that new tenants are now paying an average of £417 more in monthly rent compared to 2020. This is a 44% increase in rents, well above the 36% rise in average earnings over the same period. Rightmove's property expert Colleen Babcock said: 'Despite another new record in average asking rents for tenants, the big picture is that yearly rent increases continue to slow, which is good news for tenants." "Supply and demand is slowly rebalancing towards more normal levels, though we still have a way to go before we reach pre-2020 levels of available homes for tenants. The good news is that the latest industry snapshot suggests more investors are taking out buy-to-let loans compared with last year, which should help to bring even more homes to the rental market.' Read more on Yahoo Finance UK The cost of rent in London has climbed for a 15th consecutive quarter to hit a record high of £2,712 per month, while tenants across the rest of the UK are paying on average £1,365. The data from property site Rightmove (RMV.L) showed that new tenants are now paying an average of £417 more in monthly rent compared to 2020. This is a 44% increase in rents, well above the 36% rise in average earnings over the same period. Rightmove's property expert Colleen Babcock said: 'Despite another new record in average asking rents for tenants, the big picture is that yearly rent increases continue to slow, which is good news for tenants." "Supply and demand is slowly rebalancing towards more normal levels, though we still have a way to go before we reach pre-2020 levels of available homes for tenants. The good news is that the latest industry snapshot suggests more investors are taking out buy-to-let loans compared with last year, which should help to bring even more homes to the rental market.' Read more on Yahoo Finance UK How Barclays shares are faring in early trade Barclays announces £1bn buyback Yahoo Finance UK's Vicky McKeever writes: Barclays (BARC.L) beat profit expectations in the second quarter and announced a further £1bn in share buybacks. Pre-tax profit rose 28% in the second quarter to £2.84bn, results released on Tuesday showed. That exceeded expectations of £2.24bn, according to consensus estimates provided by the bank. For the first half, profit before tax totalled £5.2bn, which was up 23% from the same period last year. Total income was up 14% in the second quarter at £7.19bn, which was also ahead of expectations of £7.01bn. Group net interest income — the gap between what the bank pays out to savers and receives from borrowers in interest — excluding Barclays Investment Bank and head office, came in at £3.1bn, up 13% year-on-year. Barclays also recorded a return on tangible equity — a key measure of profitability — of 12.3% in the second quarter, up from 9.9% for the same period in 2024. Read more on Yahoo Finance UK Yahoo Finance UK's Vicky McKeever writes: Barclays (BARC.L) beat profit expectations in the second quarter and announced a further £1bn in share buybacks. Pre-tax profit rose 28% in the second quarter to £2.84bn, results released on Tuesday showed. That exceeded expectations of £2.24bn, according to consensus estimates provided by the bank. For the first half, profit before tax totalled £5.2bn, which was up 23% from the same period last year. Total income was up 14% in the second quarter at £7.19bn, which was also ahead of expectations of £7.01bn. Group net interest income — the gap between what the bank pays out to savers and receives from borrowers in interest — excluding Barclays Investment Bank and head office, came in at £3.1bn, up 13% year-on-year. Barclays also recorded a return on tangible equity — a key measure of profitability — of 12.3% in the second quarter, up from 9.9% for the same period in 2024. Read more on Yahoo Finance UK US stock futures higher ahead of Fed and earnings Our US team writes: US stock futures made gains as Wall Street prepared for fresh earnings and economic data amid a blockbuster week poised to shake markets. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) gained 0.2%. While contracts on the Nasdaq 100 (NQ=F) ticked up 0.3%. On Monday, the S&P 500 and Nasdaq eked out record highs amid an otherwise subdued trading session as Wall Street digested a new trade deal between the US and EU. Our US team writes: US stock futures made gains as Wall Street prepared for fresh earnings and economic data amid a blockbuster week poised to shake markets. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) gained 0.2%. While contracts on the Nasdaq 100 (NQ=F) ticked up 0.3%. On Monday, the S&P 500 and Nasdaq eked out record highs amid an otherwise subdued trading session as Wall Street digested a new trade deal between the US and EU. Good morning! Hello from London. Lucy Harley-McKeown here — ready to bring you the business and markets news of the day. We kicked off the week with an EU-US trade deal. There will no doubt be more details on that to come. In central bank news, the US's Federal Reserve kicks of a two-day meeting about rates today. Traders are also readying themselves for a week of earnings. This morning in London: Barclays' (BARC.L) second quarter report In the US we're looking out for: Visa (V), Procter & Gamble (PG), United Health (UEEC), Boeing (BA), Spotify (SPOT), Starbuck's (SBUX), among others. Let's get to it. Hello from London. Lucy Harley-McKeown here — ready to bring you the business and markets news of the day. We kicked off the week with an EU-US trade deal. There will no doubt be more details on that to come. In central bank news, the US's Federal Reserve kicks of a two-day meeting about rates today. Traders are also readying themselves for a week of earnings. This morning in London: Barclays' (BARC.L) second quarter report In the US we're looking out for: Visa (V), Procter & Gamble (PG), United Health (UEEC), Boeing (BA), Spotify (SPOT), Starbuck's (SBUX), among others. Let's get to it. Sign in to access your portfolio
Yahoo
15 minutes ago
- Yahoo
Trump's DOJ puts companies on notice: Don't evade tariffs
The Justice Department is putting American companies on notice that they could be prosecuted if they chose to evade President Trump's tariffs, even as the legality of the president's "Liberation Day" duties remain unsettled in US courts. The message came in a DOJ announcement earlier this month stipulating that prosecutors would step up investigations into suspiciously classified imports and charge those who misidentify products with fraud. 'While the DOJ has always taken some customs cases, this is a different, more aggressive, visible stance than they usually would,' said Thompson Coburn trade lawyer Robert Shapiro. Read more: 5 ways to tariff-proof your finances The plan — to be carried out by the DOJ's new Market, Government, and Consumer Fraud Unit — marks a shift in enforcement tactics from prior administrations that relied mostly on policing misconduct through administrative proceedings, even during Trump's first term in office. The new Trump administration instead wants to prioritize criminal charges against companies and individuals that try to evade US tariffs. The overarching strategy was first outlined by Matthew R. Galeotti, head of the Justice Department's Criminal Division, who wrote in a May memo that an increasing focus on white collar crime would include "trade and customs fraudsters, including those who commit tariff evasion." At the same time, the Trump administration finds itself in the unusual position of defending the legality of the duties it pledges to enforce. Oral arguments in a federal lawsuit challenging the president's tariffs are set to take place before the US Court of Appeals in Washington, D.C., this Thursday. The small business importers challenging the legal standing of the duties already proved it was possible to temporarily derail Trump's global tariffs with a lower court victory in May. In a separate challenge, two toy manufacturers are scheduled to make their own arguments against Trump's tariffs before the D.C. Circuit Court of Appeals on Sept. 30, following their own lower court victory. 'We're going to raise the ante' Tariff violations can be prosecuted under civil or criminal laws. However, even fraud cases were often handled administratively by past administrations, according to Shapiro. 'I think the administration is just saying we're going to raise the ante on this,' Shapiro said. University of Kansas School of Law professor Raj Bhala said laws against customs fraud have long been in force, but the appetite for the DOJ and US Immigration and Customs Enforcement (ICE) to clamp down on violations has increased. Historically, Bhala and other trade lawyers said, prosecutors focused government resources on suspected tariff violations by US adversaries such as China, Iran, and North Korea, and particularly on export controls meant to keep controlled items from shipping to those countries. Producer-exporters, especially in China and other high-tariff regions, have been using evasion techniques for decades, mostly to skirt anti-dumping and countervailing duty orders, Bhala said. But now, under more imposing tariffs, incentives to evade duties have spiked 'enormously.' 'What is clear is that a lot of companies are looking for a way to limit the impact of the duties,' Shapiro said. In this new tariff and enforcement environment, trade experts suspect that corporate America and its trading partners are on high alert. Erika Trujillo, a trade attorney with customs risk management firm SEIA Compliance Technologies, said the shift toward more enforcement happening at the DOJ and less through administrative procedures could increase politically motivated targeting of companies viewed as adverse to the Trump administration's interests. 'I do think trade restrictions were used as both a sword and a shield for foreign companies, or in terms of dealing with international trade,' Trujillo said. Common tariff evasion techniques include misclassifying goods, falsely labeling a product's country of origin, making minor modifications to a product while it's in a lower-tariff jurisdiction to pass it off as manufactured there, and transhipping goods through lower-tariff jurisdictions. Read more: The latest news and updates on Trump's tariffs 'It's hard to imagine that any well-run company that has supply chains stretching across the globe — particularly in higher-tariff jurisdictions like China or Cambodia — would not be having vigorous discussions to ensure every step in the supply chain is properly documented and audited,' Bhala said. Bhala cautions that the stakes are high for importers subject to US jurisdiction. 'They're the importer of record and they're the ones who are liable for the tariffs,' he said. 'And false declarations are what we call 'go to jail stuff.'' For fraud, fines can also be assessed, up to the domestic value of the merchandise. For civil violations made based on negligent actions, maximum penalties are two times the underpayment of duties, in addition to original duties. For violations based on gross negligence, penalties increase to four times the underpayment of duties. For businesses looking to assess their risk, US Customs maintains an electronic system called the Automated Commercial Environment (ACT) that allows importers to view what their classification data looks like to customs. Small and midsize companies may find it more difficult to evaluate their compliance risks compared to multinational firms. 'If you're an SME, you probably have one or two lawyers, and they're not necessarily trade specialists,' Bhala said. Plus, there are different rules for thousands of products. For example, a typical NAFTA good, he explained, traverses the US-Canada border roughly four times. 'It's really difficult for companies of that size to be dealing with this,' Trujillo said. One major challenge is finding affordable internal expertise. 'Almost every company I know is actively hiring for both customs and export controls, and sanctions. You're basically stuck going to law firms or other external consultancy, and the small and medium-sized firms are maybe not going to have the budget to pay $1,100 an hour.' Read more: What Trump's tariffs mean for the economy and your wallet For certain suspected violations like those made by mistake, Shapiro said it doesn't make economic sense for the DOJ to get involved. 'They don't have the manpower for it,' he said. But a new enforcement policy seems to fit the Trump administration's broader tariff agenda, he added. 'If you're going to have this tariff policy, you're going to have to take a more aggressive stance, because it's a huge ocean of imports, and it's very hard for customs to enforce against everyone.' Alexis Keenan is a legal reporter for Yahoo Finance. Follow Alexis on X @alexiskweed. Click here for in-depth analysis of the latest stock market news and events moving stock prices
