this post was submitted on 08 Dec 2024
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Apparently they make more money from memberships than from sales margins, which are capped.
Last I heard, their profits were nearly entirely from memberships. This was probably five years ago though. I don't know if their numbers have changed since.
I first heard about that like twenty years ago and apparently is still true today
Does anyone have a source for this?
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 :(
Thank you very much!
Great graphic, thanks