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Stock impact report

Costco's iconic $4.99 rotisserie chicken gets roasted in lawsuit. Here's what they're claiming [Yahoo! Finance]

Costco Wholesale Corporation (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Two California shoppers say Costco mislead customers nationwide by prominently advertising its rotisserie chicken as containing no preservatives, while discreetly listing two added preservatives — sodium phosphate and carrageenan — in fine print in the ingredient list. "Costco Wholesale Corporation has systemically cheated customers out of tens—if not hundreds—of millions of dollars by falsely advertising its Kirkland Signature Seasoned Rotisserie Chicken as containing 'no preservatives'," according the complaint filed in California's Southern District Court on Thursday. Sodium phosphate and carrageenan are common food additives. Sodium phosphate is used to preserve moisture and enhance flavor in processed foods, while carrageenan is added to thicken and stabilize products like meats. Read more: Goodbye, pepperoni pizza? New state law to ban some ultraprocessed foods from school meals Studies have linked excessive sodium phosphate intake to kidney strain and cardiovascular ri Show less Read more
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