Costco exec says membership fee increase question of 'when, not if'

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Costco exec says membership fee increase question of 'when, not if'
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Costco CFO Richard Galanti remained coy about when the retailer's members could see their membership price increase, saying it would 'happen at some point.'

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"My pat answer, of course, is it’s a question of when, not if," he told analysts Tuesday during the company's quarterly earnings call. "But, you’ll see it happen at some point. We can’t really tell you if it’s in our plans or not. We’ll let you know when we know." "We feel good, needless to say, about all the attributes of member loyalty and member growth," Galanti went on to say. "And frankly, in terms of looking at the values that we provided our members, we continue to increase those certainly a greater amount than even more if and when an increase occurs."Costco cardholders

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