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Costco membership fees poised to increase
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Costco shoppers may soon pay more for access to coveted items like the warehouse retailer's in-house rotisserie chicken, Kirkland bacon and big cheese wheels.
"The membership fee looks poised to increase in the next 18 months and represents a potential catalyst for sales and earnings," Wells Fargo equity analysts said in a research note Thursday.
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The current price for Costco members is $120 annually for the Gold Star Executive package. Costco's membership fee last increased in June of 2017, when it added $10 to the package.
While the Gold Star Everyday value runs $60 annually, it increased by $5 last go-round.
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Analysts noted that Costco's membership fee increases every five to 5.5 years, suggesting its next increase for international customers will begin in 2021 with U.S. and Canadian shoppers getting hit with an increase in the latter half of 2022.