Costco Is Raising Membership Fees On 52 Million Members, Wall Street Views As ‘Positive Catalyst’

Shares of Costco Wholesale Corp. are higher in premarket trading in New York after the warehouse-club chain announced annual price hikes across its members for the first time in years.

Starting September 1, Costco Gold Star, Business, and Business add-on members across North America will see an increase of $5 to their annual membership costs, bumping up from $60 to $65. Executive members must pay $130, a $10 price hike. Membership price hikes will impact all 52 million members.