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Almost all of their profit is from membership fees. https://investor.costco.com/node/24021/html https://investor.costco.com/node/24021/html Sales almost equal
by mikebonnell 4y ago
Almost all of their profit is from membership fees. https://investor.costco.com/node/24021/html https://investor.costco.com/node/24021/html
Sales almost equal merchandise cost plus selling expenses. Membership fees add $984 million on top of that.