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Benzinga

Business

Chris Katje

Costco CEO Says Membership Price Hikes Likely: What Investors Should Know

Costco COST Richard Galanti Costco Wholesale Corp UBS

One of the largest subscription-based retailers could be raising prices for its members soon. Here’s what Costco Wholesale Corp (NASDAQ:COST) investors need to know.

What Happened: Costco reported second-quarter net sales of $50.9 billion, up 16.1% year-over-year. Total revenue of $51.9 billion for the quarter included $967 million from membership fees and beat a Street consensus estimate of $51.4 billion.

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