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Costco might not be your intended example. It has amazing revenue growth: https://www.macrotrends.net/stocks/charts/COST/costco/revenue https://www.macrotrend
by lotsofpulp 1y ago
Costco might not be your intended example. It has amazing revenue growth:
https://www.macrotrends.net/stocks/charts/COST/costco/revenue https://www.macrotrends.net/stocks/charts/COST/costco/revenu...
While simultaneously growing profit margin:
https://www.macrotrends.net/stocks/charts/COST/costco/profit-margins https://www.macrotrends.net/stocks/charts/COST/costco/profit...
Hence growing annual net income from $2.3B to $8B in the last 10 years.
- castwide 1y agoI imagine the GP was referring to the fact that Costco experiences that kind of growth while giving their employees excellent pay and benefits. Even low-level store employees typically make $20-30 an hour.
- t-writescode 1y agoCorrect
- Draiken 1y agoIf only we had more of this. Why is it so rare? Do they have a benevolent dictator? Is this a temporary glitch that will be "corrected" when profits aren't looking as good? Are they a monopoly? I'm genuinely curious.
- lotsofpulp 1y agoIt’s because they don’t sell everything, and the things they do sell, they sell to the top 50%. They also did have benevolent dictators who spent decades building up good will, but supposedly the new bosses as of a few years ago are not so benevolent anymore.