And finally, the question was answered during the leading warehouse club’s earnings call yesterday.
Warehouse retailers like Costco offer members discounted prices on bulk items in exchange for an annual membership fee.
12 Popular Fall Items That Have Already Landed at Costco
Good deal, right?
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Absolutely, but only if the membership fees remain affordable.
Galanti did add, however, a caveata price increase will likely happen at some point in the future.
“We still have that arrow in our quiver as we go forth,” he said.
But Costco still seems to be holding steady with its current pricing.
It wasn’t all good news for Costco, though.
The company’s overall inventory at the end of the fourth quarter was 26% higher year over year.
“Initial seasonal sales seem to be going well,” Galanti commented during the call.
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Additionally, Costco’s earnings call apparently wasn’t positive enough for Wall Street.
Shares dropped by roughly 2.6% in after-hours trading on Thursday.
