Unionized Costco Workers Vote to Authorize Strike

Core Insights - More than 18,000 Costco employees represented by the International Brotherhood of Teamsters union have voted to authorize a nationwide strike if a new labor agreement is not reached by the end of the month [2][5] - The union's vote passed with an overwhelming 85 percent margin, citing Costco's failure to negotiate constructively and provide a fair contract offer despite record-breaking profits [3][4] - Costco reported a profit of $7.4 billion for its fiscal year 2024, a 17% increase year-over-year, with revenues exceeding $254 billion [3][5] - Costco shares have surged over 35% in the past year, closing at $943.19, with potential catalysts for further growth including a possible stock split [5]