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How profitable is Costco

E

eflat

Platinum Member
Does anyone know how well Costco does? You never hear much about their financial well being since I assume it's not a public company.

That said, their business model is close to perfection imho and I have never seen a business run more efficiently in my entire life. I know their employees get paid well and get good benefits.

Just how big and profitable is Costco?
 
costco does very well, their CEO is a multibillionaire, even though they treat their employees much better than most other places

costco = profit / time versus profit now
 
Not as profitable as they *could* be. But that's what makes them kind of cool. They cap the markup values of inhouse brands and "name" brand products to a certain amount. They pay their employees very well, and offer great benefits

Kind of an Anti-Sam's Club.

😛
 
Originally posted by: iwearnosox

If Costco were a woman I would make sweet love to her. Then eat a bag of beef jerky and a case of red bull afterwards.
Click to expand...

after you eat the steak of course..

😀😀
 
Originally posted by: iwearnosox

If Costco were a woman I would make sweet love to her. Then eat a bag of beef jerky and a case of red bull afterwards.
Click to expand...

Eating a case of Red Bull has to be hard on the teeth and gums.
 
Originally posted by: Fenixgoon
costco does very well, their CEO is a multibillionaire, even though they treat their employees much better than most other places

costco = profit / time versus profit now
Click to expand...

😕

So, he is billionaire, despite how he treats his employees? Sounds like you gotta be a jerk to be rich.
 
I think that Fenix was trying to compare Costco to Walmart, who has turned the entire Walton family into billionaires while treating their employees like dog crap.
 
Originally posted by: vi_edit
Not as profitable as they *could* be. But that's what makes them kind of cool. They cap the markup values of inhouse brands and "name" brand products to a certain amount. They pay their employees very well, and offer great benefits

Kind of an Anti-Sam's Club.

😛
Click to expand...

They're criticized for that, but I think it's great.
 
Originally posted by: z0mb13
a floor manager at costco makes 100-120k a year
Click to expand...

Yeah, I know a guy who is a complete imbecile and a drunk and is also the manager of a Costco in San Diego. He makes mad bank. It's not right, lol.



 
I'm beginning to think Costco is ripoff, besides the cheaper gas.


I filled out a comment card a couple months ago (first time ever doing that)

to ask why Kirkland Generic diapers were the exact same price as name brands
like Huggies and Pampers ($29.99)

About a week later, Costco calls me and says the Kirklands are now 10% cheaper.

I'm thinking ... big whoop .. .10% ... most generic stuff is like 25 -35% cheaper than name brands...


Anyways.. next time I was in Costco.. Kirkland diapers were still $29.99 ... however
name brand diapers were now $32.99

Yeah, nice 10% savings :roll:

Almost canceled my membership right there.. but I use Costco for gas like every other day.
 
Originally posted by: deftron
I'm beginning to think Costco is ripoff, besides the cheaper gas.


I filled out a comment card a couple months ago (first time ever doing that)

to ask why Kirkland Generic diapers were the exact same price as name brands
like Huggies and Pampers ($29.99)

About a week later, Costco calls me and says the Kirklands are now 10% cheaper.

I'm thinking ... big whoop .. .10% ... most generic stuff is like 25 -35% cheaper than name brands...


Anyways.. next time I was in Costco.. Kirkland diapers were still $29.99 ... however
name brand diapers were now $32.99

Yeah, nice 10% savings :roll:

Almost canceled my membership right there.. but I use Costco for gas like every other day.
Click to expand...

And how much was an equivalent amount of diapers at any other retail location?
 
Originally posted by: deftron
I'm beginning to think Costco is ripoff, besides the cheaper gas.


I filled out a comment card a couple months ago (first time ever doing that)

to ask why Kirkland Generic diapers were the exact same price as name brands
like Huggies and Pampers ($29.99)

About a week later, Costco calls me and says the Kirklands are now 10% cheaper.

I'm thinking ... big whoop .. .10% ... most generic stuff is like 25 -35% cheaper than name brands...


Anyways.. next time I was in Costco.. Kirkland diapers were still $29.99 ... however
name brand diapers were now $32.99

Yeah, nice 10% savings :roll:

Almost canceled my membership right there.. but I use Costco for gas like every other day.
Click to expand...

Cloth diapers only cost you detergent and a wash cycle. 😉

*So freaking glad I don't have kids!*

:beer:


 
Originally posted by: vi_edit
Not as profitable as they *could* be. But that's what makes them kind of cool. They cap the markup values of inhouse brands and "name" brand products to a certain amount. They pay their employees very well, and offer great benefits

Kind of an Anti-Sam's Club.

😛
Click to expand...

Price Club and Costco were around before Sam's Club. The cap is 14% for retail markup.
 
I read that BJ is more profitable but that information may be out of date.

in 2001 BJ's ROI ~18% vs Costco's ROI ~12%
-strategic management theory 2004
 
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