Even though Costco raising membership fees was a huge story this year, we finally heard some good news from Costco on the pricing front.
As of September 2024, Costco has lowered the prices on seven more Kirkland Signature items, with chicken tenderloins, nuts, and Spanish olive oil now added to our ongoing list of price drops.
"Our goal is always to be the first to lower prices where we see the opportunities to do so," said Costco CFO Gary Millerchip on a recent company earnings call from Sept. 26, 2024. "We want to be the first to lower prices and the last to raise prices," he added.
So which grocery items have gotten cheaper at Costco this year, and by how much? I've been keeping track of every recent Costco price drop and updated the full list below so you know what prices to expect in the store. Look for savings on cashews, olive oil, bread, laundry detergent, and more. I also recommend shopping the best deals at Costco this month and claiming the savings in the latest Costco Coupon Book.
Download The Krazy Coupon Lady app or text HACKS to 57299 for the latest money-saving tips, deals, and coupons.
Recent Costco Price Drops (July - September 2024)
The following prices may vary, depending on your location. Remember that Costco's online prices are typically higher than in-store prices, since shipping and handling is factored in.
Macadamia Nuts: 26% cheaper
Macadamia nuts are typically a spendy snack, but Costco's CFO called them out on the Q4 earnings call as a recent Costco price drop, with the price of Kirkland Signature Macadamia Nuts going down by 26% as of September 2024. You'll now pay as low as $13.99 per 24-ounce bag if you shop in store.
Previous price: $18.99
New in-store price: $13.99
Baguette 2-Pack: 17% cheaper
You'll now pay 17% less for the 2-pack of baguettes from the Costco Bakery, with $1 knocked off the price as of September 2024.
This price drop is partly because inflation is going down on things like flour and sugar, which is "causing the bakery category as a whole to be deflationary," Costco execs explained. This is good news if you're a frequent shopper in Costco's Bakery section!
Previous price: $5.99
New in-store price: $4.99
Boneless Chicken Tenderloins: 13% cheaper
Costco's frozen chicken tenderloins have gotten 13% cheaper as of September 2024, which now makes them an even better deal. And they're antibiotic-free too.
You'll now pay $19.49 for the 6-pound bag, which comes out to just $3.25 per pound — cheaper than frozen chicken tenderloins at Walmart.
Previous price: $22.49
New in-store price: $19.49
KCL TIP: If you've read our Costco price hacks, you know that Costco has one of the lowest markups in the industry. Costco's average markup is around 14% to 15%, while competitor stores often inflate their prices by anywhere from 25% to 100%.
Spanish Olive Oil: 10% cheaper
On the September company earnings call, Costco execs shared that the 3-Liter jugs of Kirkland Signature Spanish Olive Oil had a recent price drop — down by $4 per jug.
But in my experience, you may find it for even less. For example, my local Costco (in Central Florida) has an even lower in-store price right now — just $32.99 per 3-Liter jug.
Previous price: $38.99
New in-store price: $34.99
Aluminum Foil: 6% cheaper
Their Kirkland Reynolds Aluminum Foil is now 6% cheaper as of September 2024, with a price drop of $2 per pack, down to just $29.99. Considering that the box contains 1,000 square feet of foil, that means you're paying $0.03 per square foot — a price per square foot that stores like Walmart just can't beat.
Previous price: $31.99
New in-store price: $29.99
Laundry Detergent Pacs: 5% cheaper
Kirkland's Laundry Detergent Pacs have seen a 5% price drop since getting repackaged from a plastic tub to a resealable pouch earlier this year. The 152-count bag now costs $18.99, which makes each detergent pac about half a cent cheaper.
Previous price: $19.99
New in-store price: $18.99
Whole Cashews with Sea Salt: 4% cheaper
The in-store price on Kirkland Whole Cashews dropped by $0.50 over the last quarter. As you'll notice, their cashews (along with other varieties of nuts) now come in resealable bags instead of canisters, which leads to some cost savings.
Previous price: $12.49
New in-store price: $11.99
Previous Costco Price Drops (January - June 2024)
Frozen Three Berry Blend: 27% cheaper
Due to "new crop pricing," Costco was able to drop the price on their 4-pound bag of frozen Kirkland Signature Three Berry Blend by $4 in early 2024, according to details shared by CFO Richard Galanti during the March earnings call. That was a whopping 27% price drop.
Previous price: $14.99
New price: $10.99
Organic Pine Nuts: 17% cheaper
As of May 2024, Costco dropped the price on their Kirkland Organic Pine Nuts by 17% — a whole $5 per package.
Previous price: $29.99
New price: $24.99
San Pellegrino 24-Packs: 12% cheaper
Costco also dropped the price on their 24-packs of San Pellegrino mineral water by 12% in recent months, which means you're paying about $0.08 less per can ($2 less per pack).
Previous price: $16.99
New price: $14.99
Reading Glasses: 11% cheaper
Not the sexiest item, I know, but hey — a price drop is a price drop. Costco's leadership bragged that the price of their reading glasses is down by 11%, saving you $2 per pair.
Previous price: $18.99
New in-store price: $16.99
Kirkland Signature Batteries: 11% cheaper
All of the 48-packs of Kirkland Signature batteries, including AA and AAA sizes, have dropped in price by $2 per pack. You're saving 11% on the same product and paying about $0.04 less per battery.
Previous price: $18.99
New in-store price: $16.99
Farm-Raised Raw Shrimp: 8% cheaper
This price drop was announced during the Q3 2024 earnings call in May, and delivered savings of $1 per package of farm-raised raw shrimp in the frozen section.
Previous price: $12.99
New price: $11.99
Costco Prices Here to Stay
Rotisserie Chicken: $4.99
Costco executives have called their $4.99 rotisserie chicken a “wow” item. The shockingly low price of Costco’s 3-pound chicken is a great example of a loss leader, a tactic stores use to get shoppers in the door.
So don’t worry about the price for this fan-favorite going up anytime soon. Their leadership team has confirmed that the rotisserie chicken is “an investment in low prices to drive membership” (and sales) in a big way, and the price is staying put.
Hot Dog Combo: $1.50
Another one of the most beloved Costco deals is here to stay: the $1.50 Hot Dog Combo at Costco’s food court. Costco has kept this hot dog combo at $1.50 for over 30 years, and execs have confirmed that it's here to stay.
"The fact that we’ve been able to stave off inflation on things like the hot dog price staying $1.50 and the rotisserie chicken at $4.99 ... I think there’s been a recognition that….we’ve stayed true to our principles of really trying to help the member and deliver the value," said Costco CFO Gary Millerchip.
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