Here's How Much Money Costco Stands to Make From Its Fee Hike

After seven years, it's raising its membership fee.It was the announcement investors had been waiting for. Last week, Costco Wholesale (COST 0.69%) finally said that it would raise its membership fee by $5 starting Sept. 1.That increase isn't likely to affect members. But$5 extra for every single one of Costco's tens of millions of members is a lot of money for the company. Let's see how much, and why investors are greeting this news so enthusiastically.Why raise it now?Costco last raised its fee in 2017, ...