The Seattle Times: Analysts say Costco takes lead as largest organic grocer
ISSAQUAH, Wash. — Is Costco the largest organic grocer? It just may be, according to a report by The Seattle Times.
Citing Costco’s earnings call last week, The Seattle Times reported that the retailer’s sales of organic products exceeded $4 billion annually.
When it comes to the organic food industry, that is a huge number and it likely places Costco in the lead. The Seattle Times reported that BMO Capital Markets analysts stated in a research note that the warehouse club is “possibly now already eclipsing” industry leader Whole Foods. BMO Capital Markets estimates that Whole Foods sells roughly $3.6 billion in organic products each year.