Overview

• Costco's fourth-quarter revenue of $79.7 billion fell short of analysts' expectations of $79.9 billion.
• The retailer raised individual membership fees to $65 and executive memberships to $130, effective September 1.
• Costco has lowered prices on staple items like its $1.50 hot dog combo and $5 rotisserie chicken, as well as several Kirkland Signature products.
• Despite the fee hike, Costco's membership renewal rate remains strong at 92.9% in the U.S. and Canada.
• Digital sales grew nearly 19% year-over-year, driven by new app features and increased e-commerce activity.