you are viewing a single comment's thread
view the rest of the comments
[–] 62 points 2 years ago (2 children)

Costco also puts a maximum percent profit on items.

  • source
  • parent
  • hideshow 4 child comments
  • [–] 9 points 2 years ago (2 children)

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

  • source
  • parent
  • hideshow 4 child comments
  • [–] 3 points 2 years ago (1 child)

    Does anyone have a source for this?

  • source
  • parent
  • hideshow 2 child comments
  • [–] 13 points 2 years ago* (last edited 2 years 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 :(

  • source
  • parent
  • hideshow 4 child comments