The Latest Breaking News from Richard Galanti

The warehouse club's CFO shares how the company has benefited from the struggling economy (and why that's good for members).

As the United States heads into the holiday season, the warehouse club has some positive news for its members.

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.

Warehouse club Costco may not be as flashy as Amazon and Walmart, but it's making big progress doing something that consumers really want.

One of the largest subscription-based retailers could be raising prices for its members soon. Here’s what Costco Wholesale Corp (NASDAQ: COST) investors need to know.