Costco Could Change Prices Soon: ‘You’ll See It Happen’

“It’s a question of when, not if,” said Costco CFO Richard Galanti in a recent call.

Costco customers push shopping carts through the parking lot of a Costco store in Richmond, Calif., on March 13, 2020. Justin Sullivan/Getty Images

The chief financial officer of retailer Costco said that it’s likely his firm will increase prices for a membership.

“It’s a question of when, not if,” Costco CFO Richard Galanti told investors in a call several days ago. The last time Costco increased its membership fee was in June 2017, he noted.