{"id":121884,"date":"2024-07-10T17:46:55","date_gmt":"2024-07-10T21:46:55","guid":{"rendered":"https:\/\/tjbdeals.com\/?p=121884"},"modified":"2024-08-13T13:24:11","modified_gmt":"2024-08-13T17:24:11","slug":"costco-to-raise-its-membership-prices-for-the-first-time-since-2017","status":"publish","type":"post","link":"https:\/\/tjbdeals.com\/?p=121884","title":{"rendered":"Costco To Raise Its Membership Prices For The First Time Since 2017"},"content":{"rendered":"<p><span style=\"font-size: 12pt;\">Costco will increase its membership prices on September 1st. The basic membership will go up from $60 to $65 per year, and the Executive Membership will increase from $120 to $130 annually.<\/span><\/p>\n<p><span style=\"font-size: 12pt;\">Costco makes most of its money from membership fees, which allows them to offer lower prices on their products.<\/span><\/p>\n<p><span style=\"font-size: 12pt;\">I once conducted a financial analysis of Costco&#8217;s annual 10-K report spanning three years. Each year, I found that their net profit closely aligned with the revenue generated from memberships. This suggests that Costco aims to basically break even with their product sales. Interesting and unique business concept that has led to a $390+ Billion market cap today. <\/span><\/p>\n<p><span style=\"font-size: 12pt;\">Costco has around 130 million members. If the memberships are evenly split between basic and executive, Costco would add another $975 million per year in revenue from memberships with this price increase.<\/span><\/p>\n<p><span style=\"font-size: 12pt;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-123690\" src=\"https:\/\/tjbdeals.com\/wp-content\/uploads\/2024\/07\/costco.png\" alt=\"\" width=\"232\" height=\"232\" \/><\/span><\/p>\n<p><span style=\"font-size: 12pt;\"><strong>Related Post:<\/strong> <a href=\"https:\/\/tjbdeals.com\/?p=120674\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #0000ff;\">Get a $100 Instacart or Uber\/Uber Eats Gift Card<\/span><\/a> Only $79.99!<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline; font-size: 12pt;\"><span style=\"color: #ff0000;\"><strong>Don&#8217;t Miss Out Another Deal:<\/strong> <\/span><\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\">Follow us on <strong>Whatsapp<\/strong> by <a href=\"https:\/\/wa.me\/message\/O7R4VVIKTBRDN1\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline; color: #0000ff;\">clicking here<\/span><\/a><\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\">Follow us on <strong>Twitter\/X<\/strong> by <a href=\"https:\/\/twitter.com\/TJBdeals\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline; color: #0000ff;\">clicking here<\/span><\/a><\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\">Follow us on <strong>Telegram<\/strong> by <a href=\"https:\/\/t.me\/TJBDeals\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline; color: #0000ff;\">clicking here<\/span><\/a><\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\">You can also get some deals on <strong><a href=\"https:\/\/www.facebook.com\/TJBdeals\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #0000ff;\">Facebook<\/span><\/a><\/strong> and <strong><a href=\"https:\/\/www.instagram.com\/tjbdeals\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #0000ff;\">Instagram<\/span><\/a><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>Costco will increase its membership prices on September 1st. The basic membership will go up from $60 to $65 per <a class=\"mh-excerpt-more\" href=\"https:\/\/tjbdeals.com\/?p=121884\" title=\"Costco To Raise Its Membership Prices For The First Time Since 2017\">&#8230;.. Get This Deal<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[124],"tags":[],"class_list":["post-121884","post","type-post","status-publish","format-standard","category-tjb-blog"],"_links":{"self":[{"href":"https:\/\/tjbdeals.com\/index.php?rest_route=\/wp\/v2\/posts\/121884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tjbdeals.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tjbdeals.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tjbdeals.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tjbdeals.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=121884"}],"version-history":[{"count":7,"href":"https:\/\/tjbdeals.com\/index.php?rest_route=\/wp\/v2\/posts\/121884\/revisions"}],"predecessor-version":[{"id":123691,"href":"https:\/\/tjbdeals.com\/index.php?rest_route=\/wp\/v2\/posts\/121884\/revisions\/123691"}],"wp:attachment":[{"href":"https:\/\/tjbdeals.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=121884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tjbdeals.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=121884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tjbdeals.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=121884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}