this post was submitted on 08 Dec 2024
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Microblog Memes

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[–] [email protected] 9 points 2 weeks ago (6 children)

Apparently they make more money from memberships than from sales margins, which are capped.

[–] MonkeyBusiness 3 points 2 weeks ago (3 children)

Does anyone have a source for this?

[–] [email protected] 13 points 2 weeks ago* (last edited 2 weeks ago) (2 children)

I left reddit after the API fiasco and didn't return, but I remembered seeing this on Data is Beautiful before that, so I just looked it up for you. (My search query in DDG was "data is beautiful reddit Costco profit margins" and a few popped up; this was the most recent.)

Transcription: infographic states

Net sales +$77.4B
Merch costs -$69.2B

Membership fees +$1.5B

SG&A -$6.9B (Selling, General, and Administrative Expenses)
Taxes -$0.8B

Net profit $2.2B (2% margin)

Source listed as: Costco Q4 FY 23 earnings

Edit: format failing :(

[–] MonkeyBusiness 3 points 2 weeks ago

Thank you very much!

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