Costco Raises Fees, Stock Up 7.54%

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.