Costco says it will raise membership prices

Price hikes will come for Costco memberships, though, according to the warehouse club’s chief financial officer, a set date is unknown.

Richard Galanti, the company’s chief financial officer, told members of the press during a quarterly earnings call on Sept. 28 that the question of a membership cost hike was a “matter of when, not if.”

The CFO noted that the company’s last price increase was in June 2017, a stretch he described as being “a little longer” than increases implemented by the big-box giant in previous years.

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