The deal, executed through a unit, is expected to add to the company’s earnings per share by 1% to 1-1/2%, Costco (NASDAQ:COST) said in a statement.
The membership-only retailer operates 833 warehouses globally, including 14 in Taiwan. It also runs e-commerce sites in the island.
The purchase comes at a time when Costco’s margins are being squeezed by higher costs arising from supply chain disruptions and the impact of the Russia-Ukraine war.
Source: Economy - investing.com
