Posts Tagged ‘ Costco ’

Costco Raising Membership Fees – Business Results Strong

October 5, 2011

costcoCostco just reported a strong 8% comp sales result excluding the FX impact and excluding gasoline inflation. On their quarterly conference call they are detailing the first membership fee increase in 5-years. Regular Gold Star memberships will go up by $5 to $55 effective November 1st. Gross margins at Costco were down slightly but were flat when you look at core merchandising gross margins ex gasoline.

Costco (COST) stock price is down 2% but with sales this strong and growth around the world the sell-off may be short lived. Costco is doing an incredible job opening highly productive units in Australia, Taiwan and Japan as the warehouse retail concept resonates around the world.

Share Button

Search CJ’s

Friends of CJ’s

Since Sep 2011

Contact CJ’s