Costco says it's not ready to raise its $60 membership fee — for now

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Costco isn't ready to raise its membership fee, but says it's still a matter of when, not if. The wholesale club last raised fees in 2017, and about every five years before that. Membership fees represent more than half the company's operating income. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Advertisement Costco is once again kicking the can on raising its membership fee. But don't expect it to stay that way. "I would really kind of revert back to some of the comments that Richard shared previously," CFO Gary Millerchip told investors Thursday, referring to his predecessor, Richard Galanti, who said last year that a Costco membership fee increase would "happen at some point." This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in .