Costco's Membership Fee Hike Looms as Sales Soften
TL;DR Summary
Costco has indicated that it will raise its membership fee in the future, although no specific announcement has been made yet. The company's Chief Financial Officer stated that it is a matter of "when, not if." Following the release of Costco's fiscal fourth-quarter results, which fell short of Wall Street expectations, the company's shares dropped by 1.8% in after-hours trading.
Topics:top-news#business#costco#financial-results#membership-fee#price-increase#wall-street-expectations
- Costco Membership Price Increase a Matter of 'When, Not If' The Wall Street Journal
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- Costco earnings after the bell: key measure of consumer spending power TheStreet
- Costco is still holding out on raising its membership fees Business Insider India
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