Costco has recently reduced prices on several popular Kirkland Signature products, including a 13% cut on Boneless Chicken Tenderloins, following its membership fee increase in September. The price reductions aim to offer members savings on essentials despite the higher membership costs.
Costco recently announced price reductions on several popular Kirkland Signature products during its fourth-quarter earnings call. These price cuts come shortly after the company raised the cost of its membership.Some of the biggest reductions include a 13% price cut on Kirkland Signature Boneless Chicken Tenderloins, which led to a 21% increase in sales.
RELATED: Costco raising membership fees this weekend – the first time since 2017In September 2024, Costco raised the price of its Gold Star membership in the U.S. and Canada from $60 to $65, marking the first increase since 2017. Executive memberships also rose, from $120 to $130. This fee hike impacts roughly 52 million memberships across both countries.Despite the price hike, Costco reported an increase in membership revenue, reaching $1.512 billion.
Costco Price Reductions Kirkland Signature Membership Fees Sales Increase
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