Costco is implementing new consumer limitations on purchases of household essentials including toilet paper, paper towels, and Kirkland bottled water as the company has seen an increase in demand due to a surge in the delta variant and supply-chain complications.
Costco has been dealing with significant issues centered around supply-chain complications and inflation according to the company’s Executive Vice President and Chief Financial Officer Richard A. Galanti. Galanti informed analysts of the issues during a conference call, transcribed by Alpha Street, regarding Costco’s fourth-quarter earnings on September 23:
After noting complications regarding supply chains and inflation, Galanti announced, “Also we’re putting some limitations on key items like bath tissues, roll towels, Kirkland Signature water, high demand related SKUs related to the uptick in the Delta related demand.”
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