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Costco's CFO Says 25 New Warehouses are Opening Next Year

Costco first opened almost 40 years ago but is experiencing a major growth spurt. Almost 2 million members joined the club last year and 20 new warehouses opened their doors for business. Yet the company is eyeing even more and plans to continue its expansion in 2022. Chief Financial Officer Richard Galanti recently revealed more details about the plan in a Quarter 4 earnings call with investors on Sept. 23, and it includes adding even more new warehouses than this year. Related:  These Costco Items Continue to Face Shortages and Purchase Limits ICYMI: Several new Costco warehouses recently opened. Right on the Costco website is a handy list of all the new warehouses set to be in business soon.  Earlier this year several opened in states like Tennessee, Arkansas, Oklahoma, Missouri, Illinois, Florida, California, Ohio, Minnesota, Indiana, and Texas with a few others opening in Japan, Australia, and Canada. In the earnings call, Galanti said that two warehouses were reloca