Costco is keeping its membership fees at their current prices, a move that may allow customers to breathe a sigh of relief — for now. The retailer, however, did not rule out a future hike.
"It’s when, not if, still," CFO Richard Galanti said Thursday during the company's second-quarter earnings call, referring to membership fees.There had been speculation leading up to Thursday about the possibility that a membership fee hike announcement could coincide with Costco’s latest quarterly report, but it did not come to pass.Galanti told analysts and investors that renewal rates, new member sign-ups and loyalty "are continuing in the right direction.
We like the fact that almost all metrics are going in the right direction in our business right now. We’ve got plenty of runway left."WHY COSTCO HOT DOGS HAVE KEPT $1.50 PRICE TAG SINCE 1985He said Costco "will at some point, I’m sure, do it," and joked it will "be on watch, not mine." Former Kroger CFO Gary Millerchip is expected to succeed Galanti when he retires after nearly 40 years next week. The price of Costco memberships last increased in 2017.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Why Costco hot dogs have kept $1.50 price tag since 1985Costco has kept the cost of its hallmark hot dog and soda combo at just $1.50 for its members nationwide since 1985 despite rising food prices elsewhere.
Weiterlesen »
I Tried Costco's Viral New Chocolate Chip Cookie & It Was Nearly PerfectYour ultimate source for expert nutrition tips and health advice, covering wellness, healthy recipes, cooking hacks, food news, style trends and shopping.
Weiterlesen »
7 groceries at Costco you're likely overpaying for, expert saysCostco's prices are key for bulk buyers, but one food shopping expert says that some groceries may be found with better deals at local supermarkets.
Weiterlesen »
The 13 Best Costco Pet Items in 2024Your ultimate source for expert nutrition tips and health advice, covering wellness, healthy recipes, cooking hacks, food news, style trends and shopping.
Weiterlesen »
Costco Email With These 4 Words Could Steal Your Credit Card Info, Officials WarnDigital destination for sophisticated men & women. Live your best life with expert tips and news on health, food, sex, relationships, fashion and lifestyle.
Weiterlesen »
What DINK couple buys at Costco on a $190k salary; how they use itBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Weiterlesen »