Costco isn’t raising membership fees after earnings beat expectations

Posted on AllSides September 23rd, 2022
From The Center
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Costco is still holding off on raising its membership fees after reporting fiscal fourth-quarter results that beat expectations.

The retailer typically raises fees around every five years, but hasn’t said when it will do so again after rival Sam’s Club hiked its fees in late August. On Thursday, Richard Galanti, the company’s chief financial officer, noted Costco hasn’t reached its typical milestone for a hike.

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