Is Costco Increasing Membership Fees? Here's the Latest

Since Costco management have hinted for months that membership costs will rise, shoppers have been waiting with bated breath.

The chain confirmed that it will hike rates, but customers will have to wait for additional details on the schedule.

This week, Costco management convened an earnings call to discuss its latest quarter's performance and future objectives.

When asked if Costco will raise membership prices, CFO Richard Galanti said, "it's a question of when, not if."

Costco has hiked membership costs every five years and seven months, most recently in June 2017. Membership costs should have increased by now

if the corporation wants to stick to its timeline. Galanti said Costco has waited longer than usual to raise rates, but consumers will see one.

We can't say if it's in our plans. We'll inform you when we know...So, keep tuned. We'll update. But I can't say anything about it "said.

Meanwhile, members may expect intriguing new shopping features. Galanti described upcoming Costco app and website changes that 

will make shopping easier than ever throughout the call. The software now has a digital membership card,

warehouse inventory search, gas station prices, and shopping list management.

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