Costco Raises Fees, Stock Up 7.54%
Costco Raises Fees, Stock Up 7.54%
Costco Raises Fees, Stock Up 7.54%
News summary

Costco is raising its membership fees starting September 1, 2024, with basic memberships increasing from $60 to $65 and Executive memberships from $120 to $130. Despite the price hike, members can still benefit from numerous perks. Costco's stock has seen a 7.54% rise over the past month, outperforming the Retail-Wholesale sector and the S&P 500. The company is set to release its earnings report on September 26, 2024, with projected earnings of $5.02 per share. However, Costco's new membership card policy requiring ID checks has led to employee abuse as frustrated members take out their anger on staff. Despite these challenges, Costco maintains a strong fanbase and disciplined operational approach, contributing to its continued success and customer loyalty.

Story Coverage
The Reason Why Costco’s Membership Policy Change Is Becoming So Controversial
alt
CNBC
Center
Why we're downgrading a top-performing stock — plus, the latest fuel for Costco's rally
Bias Distribution
50% Left
Information Sources
bfb2a97b-336e-48d9-b69a-147df7862dc27684cee2-ff92-4e65-86b5-bfb0b188107d
Left 50%
Center 50%
Coverage Details
Total News Sources
2
Left
1
Center
1
Right
0
Unrated
0
Last Updated
23 days ago
Bias Distribution
50% Left
Related News
AI Assistant
Story Coverage
The Reason Why Costco’s Membership Policy Change Is Becoming So Controversial
alt
CNBC
Center
Why we're downgrading a top-performing stock — plus, the latest fuel for Costco's rally
Subscribe

Stay in the Know, Subscribe to Our News

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News