Proper-View1308 t1_j6lt1vn wrote on January 31, 2023 at 5:54 AM

Reply to comment by Unable-Ad3852 in Costco - Prices are 20% high. Organic Milk during shortage/COVID was raised to $9.99 per gallon and today it was 11.99 per gallon by MogamboKushhua468

As someone who worked for Costco for 5 years and has owned the stock for over 8 years.

Costco is actively losing money on purpose on all of these inflated prices and using their membership to compensate.

OP is a fucking moron. Every time we buy eggs, we cost the company money.

They legitimately have a profit cap of 10-15% on all items. All essentials are loss leaders.

TheThirdThigh t1_j6m2uht wrote on January 31, 2023 at 7:53 AM

Hey this is reddit, where everyone pretends to be smart and spew some bullshit without knowing half the truth.

SquareBoss1695 t1_j6mdd0w wrote on January 31, 2023 at 10:23 AM

I feel attacked!

slambooy t1_j6mc8rn wrote on January 31, 2023 at 10:07 AM

I just bought four dozen eggs for $12 or $3/dozen. cheapest place I saw eggs anywhere… OP has never been to Costco.

MogamboKushhua468 OP t1_j6m73qm wrote on January 31, 2023 at 8:53 AM

Bill shit..even tough COVID times Costco generated $5.8 Billion net profit…you mean to say all this from membership?

See below extract from costco

We had strong operating results in fiscal 2022. Net sales for the 52-week fiscal year totaled $222.7 billion, an increase of 16%, with a comparable sales increase of 14%. Net income for the 52-week fiscal year was $5.8 billion, or $13.14 per diluted share, an increase of 17%.Dec 7, 2022

Proper-View1308 t1_j6me1bt wrote on January 31, 2023 at 10:33 AM

It seems to be literally exactly from the membership

$60 x 100,000,000 members lol