The Latest Breaking News from Richard Galanti

The Costco warehouse club says it has an advantage over its rivals that should benefit its members.

The warehouse club has been steadily growing and that has led to a lot of questions from its members.

The warehouse club admits that it made some errors, but it has a plan to fix the issue that should delight members.

The warehouse club has not raised prices in over five years. That's going to change.

You may not have known this was an issue for the warehouse club, but members will be very happy with a big change Costco has made.

"There are no specific plans regarding a membership fee increase at this time," said CFO Richard Galanti.

Leading warehouse retailer Costco Wholesale Corp (NASDAQ: COST) reported third-quarter financial results after market close Thursday. Along with the earnings report, the company also addressed two important questions on the minds of investors and customers.

Costco earnings were in line with views, while revenue just topped as the warehouse giant fared better than big-box peers Walmart and Target.

The warehouse club's shares have been falling, but investors have nothing to worry about.