Richard Galanti, the CFO of Costco, appeared to hint at the wholesale retailer raising its membership fees in the future during a Thursday earnings call.
is "still not even to the average of the last three increases in terms of timing between the last one and the next one."Costco has raised its membership fees roughly every five years and seven months in the past, with the most recent hike having taken place in June 2017.
"But we feel that we’re in a very strong competitive position right now," he continued. "And if we have to wait a few months or several months, that’s fine. And I’ll be purposely coy on when that might be."Costco saw a revenue increase from its membership fees in
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