The Issaquah, Wash.-based wholesale club operator confirmed the move Monday, but would not discuss the matter further. Atlanta-based Coca-Cola Co. said it won't comment on ongoing negotiations but said Costco is an important customer that it is committed to working with "in a spirit of fairness."
Coca-Cola products include its namesake soft drinks as well as Sprite, Squirt, Dasani water and Full Throttle energy drinks, among others.
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Costco Wholesale Corp. operates about 560 warehouses in the U.S. and abroad, including eight North Texas locations in Fort Worth, Arlington, Plano, Southlake, Rockwall, Lewisville and Duncanville.
Coca-Cola shares rose 2 cents to $56.76 in premarket trading Tuesday. Costco shares were unchanged from Monday's close of $61.12