Costco CFO Advice: Don't Look For The “Last Penny” [Forbes]
Costco Wholesale Corporation (COST)
Last costco wholesale corporation earnings: 3/5 04:15 pm
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Source: Forbes
Grocery products are hit by “ shrinkflation ,” going down in size but not in price. Cruise lines, long known for their all-inclusive approach, charge for things like room service, previously free. Newly retired Costco CFO doesn't believe in chasing every last penny of profit. While companies have every right to charge what they want for their products and services, sometimes it makes sense to pass up an opportunity to charge the highest price the market will allow. Take Costco's iconic $1.50 hot dog and soda combo that hasn't changed price since 1985. Bumping the price to, say, $2.50, would likely add a little to the bottom line even if fewer combos were sold. But that change would likely annoy those customers who buy a combo every time they visit. It might change how they feel about the brand in some small way. Newly retired Costco CFO Richard Galanti thinks the hot dog combo price is safe for a while. In an interview with Bloomberg , Galanti comments, “I'm not trying to look
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News
- Concord Costco evacuated after refrigerant leak; no injuries reported [CBS News]CBS News
- Walmart's CEO made almost 1,000 times the median employee last year [Business Insider]Business Insider
- Costco: Looking Overvalued, Maybe Time To Checkout? [Seeking Alpha]Seeking Alpha
- How Much Americans Spend on Lottery Tickets in Every State [Yahoo! Finance]Yahoo! Finance
- 5 Ways to Save $50 at Costco [Yahoo! Finance]Yahoo! Finance
COST
Earnings
- 3/7/24 - Beat
COST
Sec Filings
- 4/18/24 - Form 4
- 4/17/24 - Form 144
- 4/10/24 - Form 8-K
- COST's page on the SEC website