Costco said it will raise the price of its membership fee at some point but isn’t ready to make any announcement now.
It’s “a question of when, not if,” Chief Financial Officer Richard Galanti said on the company’s earnings conference call. Shares of the wholesale retailer fell 1.8% in after-hours trading after the company’s revenue fell short of Wall Street expectations.
Here’s Costco’s fiscal fourth-quarter results compared to Wall Street expectations, according to FactSet.
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