7 ms·
am i missing something about costco? the article says it got 3.1 billion in fees, and only 51,600 members (which seems really low). that means each member on a
by smorks 7y ago
am i missing something about costco?
the article says it got 3.1 billion in fees, and only 51,600 members (which seems really low). that means each member on average paid around $60,078 in yearly fees? that doesn't seem right?
maybe they meant 51,600,000 members, which then works out to the more reasonable $60.08 in fees?
- NikkiA 7y agoYes. The numbers appear to have come from: http://phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-SECText&TEXT=aHR0cDovL2FwaS50ZW5rd2l6YXJkLmNvbS9maWxpbmcueG1sP2lwYWdlPTEyNTEzNjM1JkRTRVE9MCZTRVE9MCZTUURFU0M9U0VDVElPTl9FTlRJUkUmc3Vic2lkPTU3 http://phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-SEC... Which states 51,600 as the number of card holders, with the 'in thousands' obviously missed by the article writer.