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If you actually look at their 10-K instead of letting other people tell you what's in it: 2020 Net sales ........................................ $ 163,220 Le
by skyyler 4y ago
If you actually look at their 10-K instead of letting other people tell you what's in it:
2020
Net sales ........................................ $ 163,220
Less merchandise costs ............................. 144,939
Gross margin ..................................... $ 18,281
Gross margin percentage ............................ 11.20 %
Meanwhile:
Membership fees .................................. $ 3,541
https://investor.costco.com/static-files/7ef7bed6-c48f-4687-9c82-eb104b4823a5 https://investor.costco.com/static-files/7ef7bed6-c48f-4687-...
- lotsofpulp 4y agoPage 20 shows net income (profit) was $4.002B, which is not far from $3.541B revenue from membership fees. I expect profit to be a little bit higher for 2020 to 2022 years due to volatility in consumer goods prices due to all the stuff going on. https://www.macrotrends.net/stocks/charts/COST/costco/net-income https://www.macrotrends.net/stocks/charts/COST/costco/net-in... But as you can see, these are increases measured in the tenths of a percentage in profit margin, which would not indicate that Costco leadership is trying to fleece customers any more than they have been in the past. https://www.macrotrends.net/stocks/charts/COST/costco/net-profit-margin https://www.macrotrends.net/stocks/charts/COST/costco/net-pr...