Sam's Club increases membership fee by $10 starting in May

Investing.com – Sam’s Club announced on Wednesday that it will raise its annual membership fee by $10 starting May 1. The Walmart-owned warehouse club will adjust the base annual membership fee to $60 and the premium annual membership fee to $120.

The company currently charges $50 for standard members and $110 for Plus members. Sam’s Club last raised its annual fees in October 2022.

In a statement, Sam’s Club said the adjustment to its membership pricing is intended to support the benefits it offers, including a wider variety of merchandise, longer operating hours, and improved curbside pickup and delivery services.

The new membership fees will still be lower than those of competitor Costco, whose base annual membership fee is $65 and premium annual membership fee is $130. Costco raised its membership fees in 2024. The increase brings Sam’s Club in line with BJ’s Wholesale Club, whose base annual membership fee is $60 and premium annual membership fee is $120.

In the last fiscal year, Sam’s Club’s net sales in the U.S. grew by about 3.1%, reaching $93 billion. In the holiday quarter, the warehouse club’s e-commerce sales increased year over year by 23%. Visits to stores and websites also rose, with the same-quarter transaction volume up 5.3% year over year.

Sam’s Club did not disclose its membership count, but said that in the three-month period ended January 31, the number of members reached a record high.

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