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Costco says it won't raise prices for now on its membership fees — or its famous $1.50 hot dog and soda combo

Business Insider LogoBusiness Insider1w ago

Costco says it won't raise prices for now on its membership fees — or its famous $1.50 hot dog and soda combo

Quick Summary

On a call with investors, a Costco executive said it isn't "the right time" to raise membership dues given the "burden" of high inflation on shoppers.

Nelson said that the company wants to be the "best value in the marketplace," and if it can prove that to customers, "it's easier to pass on higher costs".

The big box retailer hasn't been able to keep prices consistent on all its goods amid rising costs.

News Analysis

Author / Journalist: sdelouya@insider.com (Samantha Delouya)

Category: Business Technology

Topics: Costco Quarterly earnings Big-box store Economy Retail Inflation Membership Hot dog

Source Website Secure: Yes (HTTPS)

Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

News Source URL: businessinsider.com

Readership Location: United States

Published Date: 2022-09-22, 23:29:06

News Timezone: GMT -5:00

Language: English

Original Article Length: 309 words

Reading Duration: 2 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 2331624

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Business Insider Logo

Name: Business Insider

Main Topics: BusinessTechnology

Official Website: businessinsider.com

Update Frequency: 95 posts per day

Last Update: 8h ago

Headquarters: United States

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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