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Costco Won’t Raise Membership Fees as Renewals Surge

Inside A Costco Wholesale Location Ahead Of Earnings Figures
Photographer: David Paul Morris/Bloomberg

Costco Wholesale chose not to raise its membership fees amid record renewal rates in the company’s fourth quarter. 

“There are no specific plans regarding a fee increase at this time,” said Chief Financial Officer Richard Galanti on the earnings conference call. However, he continued, “it’s a question of when, not if.”