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Costco Expects Months of Shortages on Popular Products -- Market Talk

Dow Jones Newswires ·  Sep 26, 2020 06:51

DJ Costco Expects Months of Shortages on Popular Products -- Market Talk

1848 EDT [Dow Jones] -- Finding sanitizing wipes and latex gloves at local Costco Wholesale Corp. stores could be difficult for the next several months, according to Chief Financial Officer Richard Galanti. Throughout the pandemic, Costco has struggled to prevent shortages of popular products such as sanitizing wipes, baking yeast and laptops. Inventory has stabilized somewhat, but issues remain. "The supply chain continues to improve, but it will still take six to nine months on some categories or products," Mr. Galanti said following an earnings call. "Not everything is perfect." (mark.maurer@wsj.com)

(END) Dow Jones Newswires

September 25, 2020 18:51 ET (22:51 GMT)

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