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Costco's membership may be going up, according to the company's chief financial officer, but as of right now there is no certain timeframe of when it'll happen.
“If we have to wait a few months or several months, that’s fine,” he said, adding later in the call that amid inflation and fears of a recession, “there’s no rush” to raise the membership fee. He went on to say that Costco feels “very good about where our renewal rates are and then the loyalty that our members have.”
Costco's CFO Richard Galanti has supposedly been hinting that the membership will be going up "at some point." Current prices for a Costco membership are $60 (for Gold Star Membership) and $120 (for an Executive Membership). For more information, click here.