Membership fee increases typically occur every five years FOX13
U.S. economists say consumer prices will continue to rise in the country. members have to shell out even more money to gain access to coveted items like its in-house rotisserie chicken, Kirkland bacon and big cheese wheels.
"On average, they [membership fee increases] were done about every five — a little over every five and a half years, about five years and seven months," Galanti told investors during the last earnings call. "So five years from the anniversary of the June of '17 would be this June." In 2017, the company's annual membership fee increase impacted around 35 million members, half of whom were executive members, according to its March 2017 earnings report.
Galanti didn't specify if a fee increase would actually occur, telling investors, "at some point, it will happen but stay tuned."
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