Quote:
Originally Posted by JerryLBell
Don't hold your breath on getting a "free" membership. Costco charges a fixed markup on all their sales and that markup is just enough to cover the cost of doing business (the building, the employees, power, etc.). ALL of their annual profit comes from the sales of memberships. Expecting them to give those away is like saying, "I'll only buy from store X if they make absolutely no money from my purchases."
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Quote:
Originally Posted by CFrance
Is there a link for this statement?
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Sounds pretty close. In 2023, Costco World Wide Sales were $237B. Usual profit rate for that sort of business is about 1.5% or $4.5B. In 2023, Costco collected approximately $4.3B in Membership Fees.