Costco Planning Membership Fee Hike, First Since 2017

Costco CFO says membership fee increase coming, but no set date yet
Last membership fee increase was in June 2017, longer than usual gap
Costco offers 3 membership tiers Executive ($120), Business ($60), and Gold Star ($60)
Costco does not offer free or discounted memberships, including for seniors
Costco recently tightened membership sharing policy, now requiring photo ID

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Relevant topic timeline:

9/8/2023

Costco's Global Expansion Reaches 859 Stores Worldwide, But U.S. Remains Company's Biggest Market

Costco is a global retail chain with 859 locations worldwide, with the majority of stores in the U.S., Canada, Mexico, and Japan, and is expanding in countries like China, Sweden, and New Zealand.

9/23/2023

Costco Membership Pays for Itself Through Exclusive Travel Deals, Appliance Savings, and Everyday Low Prices

Costco offers several deals and perks that can easily cover the cost of membership, such as booking cruises, purchasing large appliances, saving on home insurance, buying discounted vacuum cleaners, and enjoying inexpensive hot dogs and soda.

9/25/2023

Costco's Value Proposition Drives Sales Growth Amid Inflation Worries

Wholesale retail giant Costco is expected to win over consumers with its cheap gas prices as it reports quarterly results, with same-store sales growth expected to rise and e-commerce sales predicted to increase by 5%.

9/26/2023

Costco Earnings: Investors Eye Potential Membership Fee Hike As Loyalty Remains Strong

Costco's next quarterly results may not impact its stock, but analysts believe that news of a possible membership fee increase could.

9/27/2023

Cramer Praises 'Beautiful Quarter' for Costco as Shares Rise on Earnings Beat

Costco's business is strong with decreasing inflation and minimal inventory losses, leading to a rise in its stock's year-to-date gains and increased price targets from Wall Street firms.

9/28/2023

Costco to Raise Membership Fees for First Time Since 2017

Costco is considering raising its annual membership fees, which could impact the 130 million shoppers at its 591 stores across the country.

10/2/2023

Costco Offers New October Deals on Groceries, Appliances, and Seasonal Items

Costco has released a new set of deals for October, including discounts on items such as frozen salmon, cauliflower crust pizza, frozen meals, snack packs, Kind Bars, butter cookies, tiramisu, candy bars, guacamole, and coffee.