4 Key Takeaways From Costco’s Earnings Call [Video]

After Costco (COST) reported better-than-expected earnings but its revenue growth came in lower than anticipated for the second quarter of fiscal 2024, shares fell more than 6% in early trading Friday.

The call was Richard Galanti’s final as Chief Financial Officer (CFO), with ex-Kroger (KR) CFO Gary Millerchip set to assume the role after Galanti’s near 40-year run at the position ends later this month. The shift has led to speculation on how Costco could change with a new CFO, including whether the company will still provide monthly sales reports and be as transparent as it was during Galanti’s tenure.

In Costco’s earnings call, the longtime CFO fielded questions on a number of topics, ranging from when Costco will raise its membership prices, to its recent crackdown on membership sharing, and same-day delivery in China.

On the call, Galanti once again said it’s a matter of “when, not if,” Costco raises membership prices. The company …