Costco is still holding out on raising its membership fees

• Costco still won't raise its annual membership fees, CFO Richard Galanti said Tuesday.
• The last time the company increased its fee was 2017, with prior hikes every five to six years.
• Costco collected nearly $4.6 billion in fees for the past year, representing 72% of profits.

It's still not happening.

Costco will not raise its annual membership fees, CFO Richard Galanti told analysts on the company's quarterly earnings call Tuesday.