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DA Davidson rates Costco at neutral after retailer raises its US and Canada membership fees, which haven't been increased in seven years; fee hike on 52 million members estimated to add US$377M in total revenues over next 24 months, or US$189M annually

Costco to raise annual membership fees in US and Canada, starting Sept. 1; basic fee increases by US$5 to US$65, executive fee rises US$10 to US$130, impacting about 52 million members

Jefferies lifts Costco's price target to US$1,050 from US$860 after retailer raised membership prices in North America for first time since 2017; 'Gold Star' memberships raised to US$65 from US$60, and 'Executive' memberships lifted to US$130 from US$120

Costco reports US$24.48B in June sales, up 7.4% over last year; net sales for first 44 weeks were US$210.55B, an increase of 6.9% from US$196.93B

CEO of Lifeway Foods wants to be the 'Tropicana and Hershey' of kefir, becoming a brand for 'all generations worldwide'; company's priorities are primarily in Mexico and South America, as well as expanding farmer cheese category in the club channel

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