Costco is cutting the prices of numerous Kirkland Signature items despite recently increasing its membership fees for the first time in seven years.
Costco revealed during a recent earnings call that it has slashed the prices of numerous popular Kirkland Signature items, welcome news for Americans affected by inflation since 2021. Chief Financial Officer Gary Millerchip said the price of KS Macadamia nuts has fallen from $18.99 to $13.99, Spanish Olive Oil 3-liter from $38.99 to $34.99, Standard Foil from $31.99 to $29.99, laundry packs from $19.99 to $18.99 and the Baguette 2-pack from $5.99 to $4.99.
COSTCO’S FIRST MEMBERSHIP FEE INCREASE IN 7 YEARS NOW IN EFFECT The discounts come as Costco’s plan to raise the price of its membership for the first time in seven years took effect in September. The wholesale club increased annual membership fees by $5 and $10 in the U.S. and Canada, with "gold star" and business memberships up from $60 to $65, and executive memberships increasing to $130 from the earlier $120.
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