Costco's U.S. and global membership renewal rates have stabilized after sliding a few quarters ago, Mizuho analyst David Bellinger writes in a note, citing a meeting with company leadership. Costco had anticipated larger declines in the first and second quarters, but the analyst says the company has succeeded in reversing the trend and flattening out renewal rates ahead of schedule. "Member sign-ups shifting younger has added some structural volatility into renewal, and we believe that's what has been showing up in the slightly weaker rates over the past year," the analyst says. "Management is not expecting another step-down," he adds.(amira.mckee@wsj.com)

(END) Dow Jones Newswires

March 13, 2026 11:54 ET (15:54 GMT)

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