Costco's Membership Fee Hike Looms as Sales Soften
TL;DR
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-newsbusiness#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
- Costco tops quarterly earnings expectations, even as sales remain soft CNBC
- Costco in charts: Adjusted comparable sales growth continues to slow (NASDAQ:COST) Seeking Alpha
- 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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