Posted 3/8/2024, 5:26:00 PM
Costco Keeps Membership Fees Static Despite Growth, But Warns Future Hike is Coming
- Costco is keeping membership fees at current prices for now, but CFO says a hike is coming in the future
- Costco reported strong metrics like renewal rates and new member sign-ups, factors it considers when raising fees
- Total cardholders increased 7.3% year-over-year to 132 million
- Last membership fee increase was in 2017, typically happens every 5-6 years
- Costco reported $58.44 billion in Q2 revenue, below estimates of $59.16 billion