Costco to hike membership fees; shares jump

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Go back to Costco to hike membership fees; shares jump

Costco hikes membership fee in US and Canada, analysts boost price targets

July 11, 2024 6:19 AM EDT

Costco (NASDAQ: COST) reported net sales of $24.48 billion for the five weeks ended July 7, after the close on Wednesday, while it also announced an increase in its annual membership fees for the U.S. and Canada.

Net sales rose 7.4% from $22.78 billion last year, while net sales for the first 44 weeks were $210.55 billion, an increase of 6.9% from $196.93... More