The cost of a Costco membership has not increased in more than five years. Costco is getting ready to increase the cost of membership.
A Gold Star membership from Costco currently costs $60, while an Executive membership costs $120.
The cost of a Costco membership has not increased in more than five years.
The most expensive class of membership is only held by 43% of members, but it accounts for 76% of the chain's sales.
According to CFO Galanti, Costco has an average interval between price hikes of 5 years, 7 months, which sets the following one in January 2023.
The corporation was aware of the financial difficulties many Americans were experiencing, the CFO said.
He pointed out that if membership fees were raised, the business might utilise the extra money to keep some things' prices flat even though its costs had grown.
He made particular notice of the fact that costs for proteins (chicken, beef, and fish) have somewhat decreased, which has reduced the number of clients trading up.